Touchstone Exploration (LON:TXP) Hits New 1-Year Low at $30.00

Touchstone Exploration Inc. (LON:TXP)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 30 ($0.38) and last traded at GBX 30.90 ($0.39), with a volume of 768377 shares trading hands. The stock had previously closed at GBX 31.50 ($0.40).

Analyst Ratings Changes

TXP has been the subject of several research analyst reports. Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a research note on Wednesday, May 1st. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 100 ($1.27) price target on shares of Touchstone Exploration in a research note on Thursday, April 11th.

Touchstone Exploration Price Performance

The company has a 50 day simple moving average of GBX 35.30 and a 200-day simple moving average of GBX 42.95. The stock has a market cap of £72.37 million, a P/E ratio of -629.60 and a beta of 0.76.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.