Touchstone Exploration (LON:TXP) Shares Down 1.4% – Here’s What Happened

Touchstone Exploration Inc. (LON:TXP) dropped 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 7 and last traded at GBX 7.15. Approximately 144,777 shares were traded 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 Trading Down 1.4%

The company’s 50 day moving average price is GBX 8.66 and its 200-day moving average price is GBX 8.68. The company has a market capitalization of £23.22 million, a PE ratio of 1.79 and a beta of 0.00.

About Touchstone Exploration

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.