Touchstone Exploration (LON:TXP) Earns “House Stock” Rating from Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reiterated by analysts at Shore Capital in a research note issued on Friday,London Stock Exchange reports.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 60 ($0.76) price target on shares of Touchstone Exploration in a research report on Friday.

Touchstone Exploration Stock Up 13.1 %

LON:TXP traded up GBX 2.85 ($0.04) during mid-day trading on Friday, reaching GBX 24.65 ($0.31). The company’s stock had a trading volume of 3,183,375 shares, compared to its average volume of 523,223. Touchstone Exploration has a 1 year low of GBX 20.63 ($0.26) and a 1 year high of GBX 58 ($0.74). The stock has a fifty day moving average of GBX 30.85 and a 200-day moving average of GBX 31.67. The firm has a market capitalization of £58.28 million, a PE ratio of -616.25 and a beta of 0.70.

About Touchstone Exploration

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.