Rockhopper Exploration (LON:RKH) Trading 13.2% Higher – Here’s Why

by · The Markets Daily

Rockhopper Exploration plc (LON:RKH – Get Free Report) was up 13.2% during mid-day trading on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 ($0.45) price objective on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Read Our Latest Analysis on Rockhopper Exploration

Rockhopper Exploration Stock Performance

The stock has a fifty day simple moving average of GBX 19.74 and a two-hundred day simple moving average of GBX 16.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock has a market capitalization of £219.91 million, a price-to-earnings ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87.

About Rockhopper Exploration

(Get Free Report)

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.

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