Touchstone Exploration (LON:TXP) Earns House Stock Rating from Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

Touchstone Exploration Trading Down 10.2 %

Shares of TXP traded down GBX 3.55 ($0.05) during midday trading on Wednesday, hitting GBX 31.20 ($0.40). 2,411,264 shares of the company’s stock traded hands, compared to its average volume of 459,009. The firm’s fifty day moving average is GBX 32.83 and its 200-day moving average is GBX 33.09. Touchstone Exploration has a 1 year low of GBX 27.12 ($0.35) and a 1 year high of GBX 61.03 ($0.79). The stock has a market capitalization of £73.77 million, a price-to-earnings ratio of -775.00 and a beta of 0.70.

Touchstone Exploration Company Profile

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.