Touchstone Exploration (LON:TXP - Get Free Report)'s stock had its "house stock" rating reaffirmed by stock analysts at Shore Capital in a research report issued on Friday,London Stock Exchange reports.
Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 60 ($0.76) price target on shares of Touchstone Exploration in a research report on Friday.
Read Our Latest Stock Report on Touchstone Exploration
Touchstone Exploration Stock Up 13.5 %
LON:TXP traded up GBX 2.95 ($0.04) on Friday, reaching GBX 24.75 ($0.31). The company's stock had a trading volume of 3,040,011 shares, compared to its average volume of 525,920. Touchstone Exploration has a 12-month low of GBX 20.63 ($0.26) and a 12-month high of GBX 58 ($0.73). The stock has a 50 day moving average price of GBX 30.70 and a 200 day moving average price of GBX 31.63. The firm has a market cap of £58.52 million, a price-to-earnings ratio of -618.75 and a beta of 0.70.
About Touchstone Exploration
(
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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.
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