# Touchstone Exploration Inc 13.1% potential upside indicated by Canaccord Genuity

- Link: https://www.directorstalkinterviews.com/touchstone-exploration-inc-13.1-potential-upside-indicated-by-canaccord-genuity/4121129125
- Published: 2023-10-10T12:19:53+01:00
- Author: Charlotte Edwards

**[Touchstone Exploration](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l)
Inc** with ticker ([LON:TXP](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l))
now has a potential upside of 13.1% according to Canaccord Genuity.
Canaccord Genuity
set a target price of 65 GBX for the company, which when compared to the Touchstone
Exploration Inc share price of 57 GBX at opening today (10/10/2023) indicates a 
potential upside of 13.1%. Trading has ranged between 51 (52 week low) and 95 (52
week high) with an average of 399,529 shares exchanging hands daily. The market 
capitalisation at the time of writing is £223,421,800.Touchstone Exploration Inc.
is a Canada-based company engaged in the business of acquiring interests in petroleum
and natural gas rights and the exploration, development, production and sale of 
petroleum and natural gas. The Company is active in onshore properties located in
the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum
and natural gas activities under state exploration and production licenses with 
the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship
Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface
and surface leases with individual landowners. Its main exploration focus is the
Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross
acres on the east side of Trinidad. Its other exploration prospects include Royston,
Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect
with an estimated target depth of about 11,500 feet.

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