Touchstone Exploration (LON:TXP) Shares Up 2.4% - Here's Why

Touchstone Exploration Inc. (LON:TXP - Get Free Report) rose 2.4% on Monday . The company traded as high as GBX 21 ($0.28) and last traded at GBX 21 ($0.28). Approximately 615,414 shares were traded during trading, an increase of 22% from the average daily volume of 504,272 shares. The stock had previously closed at GBX 20.50 ($0.27).

Wall Street Analyst Weigh In

TXP has been the topic of a number of research reports. Shore Capital restated a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday. Canaccord Genuity Group restated a "buy" rating and set a GBX 60 ($0.80) price target on shares of Touchstone Exploration in a research report on Thursday, March 20th.

Touchstone Exploration Stock Up 1.3%

The stock has a market cap of £62.63 million, a PE ratio of -7.12 and a beta of 0.70. The company has a fifty day moving average price of GBX 21.07 and a 200 day moving average price of GBX 24.65.

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.