Touchstone Exploration’s (TXP) House Stock Rating Reaffirmed at Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reiterated by research analysts at Shore Capital in a research report issued to clients and investors on Friday,London Stock Exchange reports.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.76) target price on shares of Touchstone Exploration in a report on Friday.

Touchstone Exploration Trading Up 13.1 %

LON TXP traded up GBX 2.85 ($0.04) during trading hours on Friday, hitting GBX 24.65 ($0.31). 3,183,375 shares of the company’s stock traded hands, compared to its average volume of 523,223. The business’s fifty day moving average price is GBX 30.85 and its two-hundred day moving average price is GBX 31.67. The firm has a market capitalization of £58.28 million, a P/E ratio of -616.25 and a beta of 0.70. Touchstone Exploration has a 52 week low of GBX 20.63 ($0.26) and a 52 week high of GBX 58 ($0.74).

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.