Touchstone Exploration Inc (LON:TXP) Insider Sells £20,289.46 in Stock

Touchstone Exploration Inc (LON:TXP) insider Harrie Vredenburg sold 38,282 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of GBX 53 ($0.65), for a total value of £20,289.46 ($24,968.57).

Shares of LON:TXP opened at GBX 56.50 ($0.70) on Thursday. Touchstone Exploration Inc has a 1 year low of GBX 9.80 ($0.12) and a 1 year high of GBX 58 ($0.71). The business has a 50 day simple moving average of GBX 48 and a two-hundred day simple moving average of GBX 33.65. The firm has a market capitalization of $103.67 million and a PE ratio of -6.28. The company has a debt-to-equity ratio of 41.40, a current ratio of 1.68 and a quick ratio of 1.59.

TXP has been the subject of several recent analyst reports. Canaccord Genuity initiated coverage on Touchstone Exploration in a research report on Monday, June 29th. They set a “speculative buy” rating and a GBX 72 ($0.89) target price for the company. FinnCap boosted their target price on Touchstone Exploration from GBX 51 ($0.63) to GBX 68 ($0.84) and gave the company a “corporate” rating in a research report on Monday, June 22nd. Finally, Shore Capital restated a “house stock” rating on shares of Touchstone Exploration in a research report on Monday, June 15th.

About Touchstone Exploration

Touchstone Exploration Inc primarily engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc in May 2014.

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