Touchstone Exploration (LON:TXP) Shares Down 1.1% – Time to Sell?

Touchstone Exploration Inc. (LON:TXP) shares dropped 1.1% on Friday . The company traded as low as GBX 6.67 and last traded at GBX 6.67. 148,710 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 967,029 shares. The stock had previously closed at GBX 6.75.

Touchstone Exploration Stock Performance

The firm has a fifty day simple moving average of GBX 7.81 and a 200-day simple moving average of GBX 8.67. The firm has a market cap of £21.68 million, a price-to-earnings ratio of 2.23 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.