Touchstone Exploration (LON:TXP) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their house stock rating on shares of Touchstone Exploration (LON:TXP) in a research report released on Wednesday, Marketbeat.com reports.

Separately, Canaccord Genuity Group reiterated a speculative buy rating and issued a GBX 100 ($1.26) price objective on shares of Touchstone Exploration in a research note on Thursday, April 11th.

Touchstone Exploration Stock Up 1.3 %

Shares of LON:TXP opened at GBX 39.25 ($0.49) on Wednesday. The company has a 50-day moving average price of GBX 47.38 and a two-hundred day moving average price of GBX 48.35. Touchstone Exploration has a twelve month low of GBX 37 ($0.46) and a twelve month high of GBX 95 ($1.19). The firm has a market capitalization of £91.93 million, a PE ratio of -560.71 and a beta of 0.79.

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.