Touchstone Exploration Inc. (LON:TXP - Get Free Report)'s stock price rose 10.9% on Friday . The company traded as high as GBX 25 ($0.32) and last traded at GBX 24.18 ($0.31). Approximately 2,622,209 shares traded hands during mid-day trading, an increase of 403% from the average daily volume of 520,923 shares. The stock had previously closed at GBX 21.80 ($0.28).
Wall Street Analyst Weigh In
TXP has been the subject of several research reports. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 60 ($0.76) price target on shares of Touchstone Exploration in a research report on Friday. Shore Capital reissued a "house stock" rating on shares of Touchstone Exploration in a research report on Friday.
Read Our Latest Stock Analysis on TXP
Touchstone Exploration Stock Up 13.5 %
The firm has a market capitalization of £58.52 million, a PE ratio of -618.75 and a beta of 0.70. The company's 50-day simple moving average is GBX 30.85 and its 200 day simple moving average is GBX 31.67.
About Touchstone Exploration
(
Get Free Report)
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.
Featured Articles
Before you consider Touchstone Exploration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Touchstone Exploration wasn't on the list.
While Touchstone Exploration currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
