Touchstone Exploration (LON:TXP) Stock Price Up 8.1% – Time to Buy?

Touchstone Exploration Inc. (LON:TXPGet Free Report) was up 8.1% during trading on Monday . The stock traded as high as GBX 8.35 and last traded at GBX 8. Approximately 1,924,132 shares changed hands during mid-day trading, an increase of 131% from the average daily volume of 832,911 shares. The stock had previously closed at GBX 7.40.

Touchstone Exploration Price Performance

The firm has a market cap of £28.11 million, a price-to-earnings ratio of 2.67 and a beta of 0.00. The firm has a 50 day moving average price of GBX 6.96 and a 200-day moving average price of GBX 8.40.

About Touchstone Exploration

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Touchstone is incorporated under the laws of Alberta, Canada with its head office located in Calgary, Alberta. The Company, through its subsidiaries, is a petroleum and natural gas exploration and production company active in the Republic of Trinidad and Tobago (“Trinidad”). Touchstone is currently one of the largest independent onshore oil and natural gas producers in Trinidad, with assets in several reservoirs that have an extensive internally estimated inventory of petroleum and natural gas development and exploration opportunities.

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