Rockhopper Exploration (LON:RKH) Trading Up 1.7% – Here’s Why

Shares of Rockhopper Exploration plc (LON:RKH) traded up 1.7% on Wednesday . The stock traded as high as GBX 15.80 ($0.20) and last traded at GBX 15 ($0.19). 3,941,734 shares changed hands during trading, an increase of 355% from the average session volume of 866,644 shares. The stock had previously closed at GBX 14.75 ($0.19).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Trading Up 8.4 %

The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of GBX 13.67 and a 200-day simple moving average of GBX 14.01. The company has a market cap of £109.63 million, a PE ratio of 857.50, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

Rockhopper Exploration Company Profile

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.