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

Canaccord Genuity Group restated their speculative buy rating on shares of Touchstone Exploration (LON:TXP) in a report issued on Friday, MarketBeat Ratings reports. The firm currently has a GBX 60 ($0.76) price target 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 Stock Performance

Shares of Touchstone Exploration stock opened at GBX 24.75 ($0.31) on Friday. The business has a 50-day simple moving average of GBX 30.70 and a 200-day simple moving average of GBX 31.63. Touchstone Exploration has a one year low of GBX 20.63 ($0.26) and a one year high of GBX 58 ($0.73). The company has a market cap of £58.52 million, a PE ratio of -618.75 and a beta of 0.70.

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.