Touchstone Exploration’s (TXP) “House Stock” Rating Reiterated at Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

Touchstone Exploration Trading Down 2.6%

Shares of TXP stock opened at GBX 13.88 ($0.19) on Thursday. The firm has a market capitalization of £40.87 million, a PE ratio of -4.65 and a beta of 0.70. The firm has a fifty day simple moving average of GBX 15.62 and a two-hundred day simple moving average of GBX 19.30. Touchstone Exploration has a 12 month low of GBX 11.20 ($0.15) and a 12 month high of GBX 39 ($0.53).

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.