Canaccord Genuity Group restated their buy rating on shares of Touchstone Exploration (LON:TXP - Free Report) in a research report sent to investors on Thursday, MarketBeat reports. They currently have a GBX 60 ($0.78) price objective on the stock.
A number of other equities research analysts also recently weighed in on TXP. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 60 ($0.78) target price on shares of Touchstone Exploration in a research note on Friday, December 13th. Shore Capital restated a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday.
Check Out Our Latest Research Report on TXP
Touchstone Exploration Price Performance
Shares of LON:TXP traded down GBX 0.21 ($0.00) on Thursday, hitting GBX 22.25 ($0.29). The company's stock had a trading volume of 164,912 shares, compared to its average volume of 531,960. The company has a market capitalization of £65.51 million, a PE ratio of -7.45 and a beta of 0.70. The company has a 50-day simple moving average of GBX 23.75 and a 200 day simple moving average of GBX 27.64. Touchstone Exploration has a 1 year low of GBX 20.28 ($0.26) and a 1 year high of GBX 54 ($0.70).
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.
Further Reading
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