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

Shore Capital reaffirmed their house stock rating on shares of Touchstone Exploration (LON:TXP) in a report issued on Monday, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 60 ($0.81) price objective on shares of Touchstone Exploration in a report on Thursday, March 20th.

Touchstone Exploration Price Performance

Shares of LON:TXP opened at GBX 15 ($0.20) on Monday. Touchstone Exploration has a 12-month low of GBX 11.20 ($0.15) and a 12-month high of GBX 39 ($0.52). The stock has a market cap of £44.17 million, a PE ratio of -5.02 and a beta of 0.70. The business has a 50 day moving average of GBX 18.32 and a 200-day moving average of GBX 21.29.

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.