Touchstone Exploration Inc. (LON:TXP – Get Free Report) shares traded up 11.2% on Wednesday . The company traded as high as GBX 9.45 and last traded at GBX 9.17. Approximately 1,198,316 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 807,240 shares. The stock had previously closed at GBX 8.25.
Analyst Ratings Changes
Separately, Canaccord Genuity Group cut their price objective on Touchstone Exploration from GBX 40 to GBX 32 and set a “speculative buy” rating for the company in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Touchstone Exploration has an average rating of “Buy” and a consensus target price of GBX 32.
View Our Latest Stock Analysis on TXP
Touchstone Exploration Stock Up 11.2%
Touchstone Exploration Company Profile
Touchstone is incorporated under the laws of Alberta, Canada with its head office located in Calgary, Alberta. The Company, through its subsidiaries, is a petroleum and natural gas exploration and production company active in the Republic of Trinidad and Tobago (“Trinidad”). Touchstone is currently one of the largest independent onshore oil and natural gas producers in Trinidad, with assets in several reservoirs that have an extensive internally estimated inventory of petroleum and natural gas development and exploration opportunities.
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