Touchstone Exploration (LON:TXP) Shares Up 10.9% – Here’s What Happened

Touchstone Exploration Inc. (LON:TXP)’s share price shot up 10.9% during trading on Friday . The stock traded as high as GBX 25 ($0.32) and last traded at GBX 24.18 ($0.31). 2,622,209 shares were traded during mid-day trading, an increase of 403% from the average session volume of 520,923 shares. The stock had previously closed at GBX 21.80 ($0.28).

Analysts Set New Price Targets

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

Touchstone Exploration Stock Up 11.8 %

The stock has a market cap of £57.62 million, a PE ratio of -545.00 and a beta of 0.70. The stock’s fifty day moving average price is GBX 30.85 and its 200 day moving average price is GBX 31.67.

Touchstone Exploration Company Profile

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.