Rockhopper Exploration (OTCMKTS:RCKHF) Stock Price Up 10.2% – Should You Buy?

Shares of Rockhopper Exploration plc (OTCMKTS:RCKHF – Get Free Report) shot up 10.2% during trading on Tuesday. The company traded as high as $0.7818 and last traded at $0.7818. 694 shares were traded during mid-day trading, a decline of 97% from the average session volume of 20,756 shares. The stock had previously closed at $0.7094.

Rockhopper Exploration Price Performance

The stock has a 50 day simple moving average of $0.89 and a two-hundred day simple moving average of $0.98.

Rockhopper Exploration Company Profile

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Rockhopper Exploration plc is an oil and gas exploration and production company focused primarily on offshore resources in the Falkland Islands and Italy. The company’s activities include identifying, evaluating and developing conventional oil and gas opportunities through exploration licenses, technical studies and partnerships with other energy companies.

Rockhopper’s principal asset is its interest in the Sea Lion oil field in the North Falkland Basin. The project was discovered in 2010 and is being advanced in partnership with Navitas Petroleum, which serves as operator.

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