Touchstone Exploration (LON:TXP) Stock Price Down 5%

Shares of Touchstone Exploration Inc. (LON:TXPGet Rating) dropped 5% during mid-day trading on Thursday . The company traded as low as GBX 75 ($0.92) and last traded at GBX 76 ($0.93). Approximately 428,606 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 343,293 shares. The stock had previously closed at GBX 80 ($0.98).

Several equities research analysts recently issued reports on TXP shares. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 200 ($2.45) price objective on shares of Touchstone Exploration in a research note on Thursday, April 7th. Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a report on Thursday, May 12th.

The company’s 50-day moving average price is GBX 86.56 and its two-hundred day moving average price is GBX 89.42. The company has a debt-to-equity ratio of 47.92, a quick ratio of 1.09 and a current ratio of 1.24. The stock has a market cap of £160.48 million and a PE ratio of 33.04.

About Touchstone Exploration (LON:TXP)

Touchstone Exploration Inc, an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company has interests in various private exploration mineral leasing properties; and two exploration blocks.

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