Touchstone Exploration’s (TXP) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Touchstone Exploration (LON:TXP) in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 60 ($0.76) target price on the stock.

Separately, Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a research report on Wednesday, November 13th.

Touchstone Exploration Price Performance

Shares of LON TXP opened at GBX 24.75 ($0.31) on Friday. The stock has a market cap of £58.52 million, a P/E ratio of -618.75 and a beta of 0.70. Touchstone Exploration has a 1 year low of GBX 20.63 ($0.26) and a 1 year high of GBX 58 ($0.73). The firm has a 50-day moving average of GBX 30.85 and a 200 day moving average of GBX 31.67.

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.