Touchstone Exploration (LON:TXP) Receives "Speculative Buy" Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Touchstone Exploration (LON:TXP - Free Report) in a research report sent to investors on Thursday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 60 ($0.77) price target on the stock.

Several other analysts have also recently commented on TXP. Shore Capital restated a "house stock" rating on shares of Touchstone Exploration in a research note on Tuesday, January 28th. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Trading Down 3.4 %

Shares of Touchstone Exploration stock traded down GBX 0.75 ($0.01) during trading hours on Thursday, hitting GBX 21.25 ($0.27). 784,515 shares of the company were exchanged, compared to its average volume of 519,771. The business has a 50-day moving average of GBX 24.57 and a 200-day moving average of GBX 28.42. Touchstone Exploration has a 1 year low of GBX 20.63 ($0.27) and a 1 year high of GBX 54 ($0.70). The stock has a market capitalization of £62.57 million, a price-to-earnings ratio of -7.11 and a beta of 0.70.

About Touchstone Exploration

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.