Rockhopper Exploration (LON:RKH) Shares Up 13.2% – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price traded up 13.2% on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 12,899,414 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 8,683,248 shares. The stock had previously closed at GBX 30.40 ($0.37).

Wall Street Analyst Weigh In

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

Rockhopper Exploration Price Performance

The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is GBX 19.74 and its 200-day moving average price is GBX 16.03. The company has a market cap of £219.91 million, a price-to-earnings ratio of 1,720.00, 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.