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 research note published on Friday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 60 ($0.76) price target on the stock.

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

Touchstone Exploration Stock Performance

Touchstone Exploration stock opened at GBX 24.75 ($0.31) on Friday. The company has a market capitalization of £58.52 million, a P/E ratio of -618.75 and a beta of 0.70. Touchstone Exploration has a fifty-two week low of GBX 20.63 ($0.26) and a fifty-two week high of GBX 58 ($0.73). The stock has a 50-day simple moving average of GBX 30.70 and a 200-day simple moving average of GBX 31.63.

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.