Shares of Touchstone Exploration Inc. (LON:TXP - Get Free Report) were up 5.4% on Tuesday . The company traded as high as GBX 24.50 ($0.31) and last traded at GBX 24.50 ($0.31). Approximately 155,720 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 521,961 shares. The stock had previously closed at GBX 23.25 ($0.29).
Analysts Set New Price Targets
TXP has been the subject of several analyst reports. Shore Capital restated a "house stock" rating on shares of Touchstone Exploration in a report on Friday, December 13th. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 60 ($0.75) price objective on shares of Touchstone Exploration in a research note on Friday, December 13th. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 60 ($0.75) target price on shares of Touchstone Exploration in a research note on Friday, December 13th.
Read Our Latest Stock Analysis on Touchstone Exploration
Touchstone Exploration Stock Performance
The firm has a 50 day moving average of GBX 28.40 and a two-hundred day moving average of GBX 30.79. The stock has a market cap of £59.11 million, a P/E ratio of -625.00 and a beta of 0.70.
Touchstone Exploration Company Profile
(
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.
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