Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Touchstone Exploration (LON:TXP)

Touchstone Exploration (LON:TXP)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a report issued on Friday,Digital Look reports. They currently have a GBX 60 ($0.76) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 144.90% from the stock’s previous close.

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

Touchstone Exploration Stock Performance

Shares of LON:TXP traded up GBX 2.70 ($0.03) during midday trading on Friday, hitting GBX 24.50 ($0.31). 2,930,572 shares of the stock were exchanged, compared to its average volume of 522,187. The business’s 50-day moving average price is GBX 30.85 and its 200 day moving average price is GBX 31.67. Touchstone Exploration has a 12 month low of GBX 20.63 ($0.26) and a 12 month high of GBX 58 ($0.74). The stock has a market capitalization of £57.93 million, a price-to-earnings ratio of -612.50 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.