Insider Selling: Touchstone Exploration Inc. (LON:TXP) Insider Sells 62,500 Shares of Stock

Touchstone Exploration Inc. (LON:TXP) insider John D. Wright sold 62,500 shares of Touchstone Exploration stock in a transaction on Thursday, June 10th. The shares were sold at an average price of GBX 92 ($1.20), for a total value of £57,500 ($75,124.12).

TXP stock remained flat at $GBX 93 ($1.22) during mid-day trading on Friday. The company’s stock had a trading volume of 44,080 shares, compared to its average volume of 635,501. The company has a market cap of £194.74 million and a PE ratio of -84.55. The company has a current ratio of 1.89, a quick ratio of 1.82 and a debt-to-equity ratio of 12.59. Touchstone Exploration Inc. has a 12 month low of GBX 42.30 ($0.55) and a 12 month high of GBX 178 ($2.33). The stock’s fifty day moving average is GBX 99.74.

Several equities analysts have weighed in on the company. Canaccord Genuity lifted their target price on Touchstone Exploration from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the company a “speculative buy” rating in a research note on Monday, April 12th. Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a research note on Tuesday, May 25th.

Touchstone Exploration Company Profile

Touchstone Exploration Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Republic of Trinidad and Tobago. It has interests in a range of small undeveloped exploration properties; and three exploration blocks.

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