Touchstone Exploration (LON:TXP) Shares Up 3.4% – What’s Next?

Shares of Touchstone Exploration Inc. (LON:TXP) shot up 3.4% on Tuesday . The company traded as high as GBX 6.98 and last traded at GBX 6.98. 97,321 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 870,975 shares. The stock had previously closed at GBX 6.75.

Touchstone Exploration Price Performance

The company has a market cap of £24.53 million, a P/E ratio of 2.33 and a beta of 0.00. The firm’s 50-day moving average is GBX 6.98 and its two-hundred day moving average is GBX 8.62.

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.