Touchstone Exploration Inc. (LON:TXP - Get Free Report) dropped 0.8% during trading on Wednesday . The company traded as low as GBX 19.41 ($0.26) and last traded at GBX 19.60 ($0.26). Approximately 1,749,820 shares changed hands during trading, an increase of 192% from the average daily volume of 598,755 shares. The stock had previously closed at GBX 19.75 ($0.26).
Analyst Ratings Changes
TXP has been the subject of a number of research reports. Shore Capital reiterated a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday, May 8th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 60 ($0.80) target price on shares of Touchstone Exploration in a research report on Thursday, March 20th.
Read Our Latest Stock Report on Touchstone Exploration
Touchstone Exploration Price Performance
The company has a market capitalization of £55.94 million, a P/E ratio of -6.36 and a beta of 0.70. The business has a 50-day moving average of GBX 20.85 and a 200-day moving average of GBX 24.32.
About Touchstone Exploration
(
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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.
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