Touchstone Exploration (LON:TXP) Shares Down 1.1% – Should You Sell?

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

Touchstone Exploration Trading Down 1.1%

The company’s 50 day simple moving average is GBX 7.81 and its 200-day simple moving average is GBX 8.67. The firm has a market cap of £21.68 million, a P/E ratio of 2.23 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.