Shares of Touchstone Exploration Inc. (LON:TXP – Get Free Report) traded up 7.5% on Thursday. The stock traded as high as GBX 11.18 and last traded at GBX 10.75. Approximately 1,337,188 shares were traded during mid-day trading, an increase of 78% from the average session volume of 752,789 shares. The stock had previously closed at GBX 10.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group dropped their target price on shares of Touchstone Exploration from GBX 40 to GBX 32 and set a “speculative buy” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 32.
Touchstone Exploration Stock Performance
The stock has a market capitalization of £48.30 million, a PE ratio of 2.74 and a beta of 0.00. The company’s 50-day moving average price is GBX 8.85 and its 200 day moving average price is GBX 8.56.
Touchstone Exploration Company Profile
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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