Touchstone Exploration (LON:TXP) Stock Price Down 1.4% – Time to Sell?

Shares of Touchstone Exploration Inc. (LON:TXP) were down 1.4% during trading on Thursday . The company traded as low as GBX 7 and last traded at GBX 7.15. Approximately 144,777 shares changed hands during trading, a decline of 86% from the average daily volume of 1,062,599 shares. The stock had previously closed at GBX 7.25.

Touchstone Exploration Stock Performance

The stock has a fifty day simple moving average of GBX 8.61 and a 200-day simple moving average of GBX 8.67. The company has a market capitalization of £22.73 million, a PE ratio of 1.75 and a beta of 0.00.

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.