Touchstone Exploration (LON:TXP) Given House Stock Rating at Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating restated by Shore Capital in a note issued to investors on Thursday,London Stock Exchange reports.

A number of other research analysts also recently commented on the stock. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 60 ($0.78) price objective on shares of Touchstone Exploration in a research report on Thursday, March 6th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 60 ($0.78) price objective on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Stock Performance

Shares of Touchstone Exploration stock traded down GBX 0.70 ($0.01) during trading on Thursday, reaching GBX 22.55 ($0.29). The company had a trading volume of 831,652 shares, compared to its average volume of 534,212. The company has a market cap of £66.40 million, a price-to-earnings ratio of -7.55 and a beta of 0.70. The firm’s fifty day moving average is GBX 23.93 and its 200-day moving average is GBX 27.90. Touchstone Exploration has a fifty-two week low of GBX 20.28 ($0.26) and a fifty-two week high of GBX 54 ($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.