Touchstone Exploration (LON:TXP) Shares Up 3.4% – Still a Buy?

Shares of Touchstone Exploration Inc. (LON:TXP) were up 3.4% during trading on Tuesday . The company traded as high as GBX 6.98 and last traded at GBX 6.98. 97,321 shares were traded during trading, a decline of 89% from the average daily volume of 870,975 shares. The stock had previously closed at GBX 6.75.

Touchstone Exploration Stock Up 1.5%

The stock has a market capitalization of £26.74 million, a price-to-earnings ratio of 2.54 and a beta of 0.00. The company’s fifty day simple moving average is GBX 6.94 and its 200 day simple moving average is GBX 8.63.

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.