Touchstone Exploration (LON:TXP) Trading Up 2.7% – Still a Buy?

Touchstone Exploration Inc. (LON:TXP) shares were up 2.7% on Wednesday . The stock traded as high as GBX 9.75 and last traded at GBX 9.50. Approximately 182,544 shares traded hands during trading, a decline of 85% from the average daily volume of 1,185,570 shares. The stock had previously closed at GBX 9.25.

Touchstone Exploration Price Performance

The company’s 50-day moving average is GBX 9.73 and its two-hundred day moving average is GBX 9.18. The firm has a market cap of £30.85 million, a P/E ratio of 2.38 and a beta of 0.00.

About Touchstone Exploration

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.