Touchstone Exploration (LON:TXP) Reaches New 1-Year Low - Time to Sell?

Shares of Touchstone Exploration Inc. (LON:TXP - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 19 ($0.25) and last traded at GBX 19.95 ($0.26), with a volume of 147414 shares traded. The stock had previously closed at GBX 19.50 ($0.26).

Wall Street Analyst Weigh In

Several brokerages have recently commented on TXP. Canaccord Genuity Group restated a "buy" rating and set a GBX 60 ($0.80) price target on shares of Touchstone Exploration in a research note on Thursday, March 20th. Shore Capital reissued a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday, March 20th.

Touchstone Exploration Trading Up 2.4 %

The firm has a 50-day simple moving average of GBX 21.13 and a 200-day simple moving average of GBX 25.05. The firm has a market cap of £61.83 million, a P/E ratio of -7.03 and a beta of 0.70.

Touchstone Exploration Company Profile

Touchstone Exploration Inc is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. The Company's strategy is to leverage the Board's extensive oil recovery experience and capability to develop international onshore properties that create shareholder value. In Trinidad, the Company's interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad.