Touchstone Exploration Inc. (LON:TXP - Get Free Report) shot up 2.4% during trading on Monday . The company traded as high as GBX 21 ($0.28) and last traded at GBX 21 ($0.28). 615,414 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 504,272 shares. The stock had previously closed at GBX 20.50 ($0.27).
Analyst Ratings Changes
TXP has been the subject of a number of research analyst reports. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 60 ($0.80) price target on shares of Touchstone Exploration in a research note on Thursday, March 20th. Shore Capital reaffirmed a "house stock" rating on shares of Touchstone Exploration in a report on Thursday, March 20th.
Read Our Latest Research Report on TXP
Touchstone Exploration Stock Performance
The stock has a market cap of £61.83 million, a PE ratio of -7.03 and a beta of 0.70. The firm has a fifty day moving average price of GBX 21.10 and a 200 day moving average price of GBX 24.92.
About Touchstone Exploration
(
Get Free Report)
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.
Further Reading
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