Touchstone Exploration (LON:TXP) Sets New 52-Week Low – Should You Sell?

Touchstone Exploration Inc. (LON:TXP)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 22 ($0.28) and last traded at GBX 23.03 ($0.29), with a volume of 5812535 shares traded. The stock had previously closed at GBX 28.25 ($0.36).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a research note on Wednesday, November 13th.

Touchstone Exploration Trading Down 3.7 %

The company’s fifty day moving average is GBX 31.28 and its 200-day moving average is GBX 31.85. The firm has a market capitalization of £52.37 million, a P/E ratio of -575.00 and a beta of 0.70.

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.