Touchstone Exploration (LON:TXP) Sets New 12-Month Low - Should You Sell?

Touchstone Exploration Inc. (LON:TXP - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 19 ($0.25) and last traded at GBX 20 ($0.26), with a volume of 515411 shares. The stock had previously closed at GBX 20 ($0.26).

Wall Street Analysts Forecast Growth

TXP has been the subject of several analyst reports. Shore Capital restated a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday, March 20th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 60 ($0.79) price target on shares of Touchstone Exploration in a research note on Thursday, March 20th.

Touchstone Exploration Stock Performance

The company has a 50-day moving average price of GBX 22.24 and a 200-day moving average price of GBX 26.30. The firm has a market capitalization of £56.98 million, a P/E ratio of -6.48 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.