Touchstone Exploration (LON:TXP) Shares Up 0.3% – What’s Next?

Touchstone Exploration Inc. (LON:TXP)’s share price rose 0.3% during trading on Tuesday . The company traded as high as GBX 6.92 and last traded at GBX 6.92. Approximately 475,219 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 936,921 shares. The stock had previously closed at GBX 6.90.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on Touchstone Exploration from GBX 34 to GBX 32 and set a “speculative buy” rating for the company in a report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Touchstone Exploration has an average rating of “Buy” and an average target price of GBX 32.

Touchstone Exploration Stock Performance

The company’s 50-day moving average price is GBX 8.46 and its 200 day moving average price is GBX 12.21. The stock has a market capitalization of £22.47 million, a P/E ratio of -6.92 and a beta of 0.70.

Insider Buying and Selling at Touchstone Exploration

In other Touchstone Exploration news, insider Peter William Nicol bought 650,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 7 per share, for a total transaction of £45,500. 4.08% of the stock is currently owned by company insiders.

Touchstone Exploration Company Profile

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.