Touchstone Exploration (LON:TXP) Reaches New 1-Year Low at $29.50

Shares of Touchstone Exploration Inc. (LON:TXP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 29.50 ($0.38) and last traded at GBX 29.50 ($0.38), with a volume of 506284 shares. The stock had previously closed at GBX 30.50 ($0.39).

Analysts Set New Price Targets

Several equities analysts recently commented on TXP shares. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 100 ($1.29) target price on shares of Touchstone Exploration in a research note on Thursday, April 11th. Shore Capital reaffirmed a “house stock” rating on shares of Touchstone Exploration in a research report on Wednesday, May 1st.

Touchstone Exploration Stock Performance

The company has a market cap of £69.09 million, a P/E ratio of -590.00 and a beta of 0.76. The stock has a 50-day simple moving average of GBX 32.25 and a 200 day simple moving average of GBX 40.85.

Touchstone Exploration Company Profile

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.