Rockhopper Exploration (LON:RKH) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Rockhopper Exploration plc (LON:RKH) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 13.95 ($0.18) and traded as low as GBX 12.80 ($0.17). Rockhopper Exploration shares last traded at GBX 12.95 ($0.17), with a volume of 5,210,511 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 ($0.48) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a market cap of £84.38 million, a P/E ratio of 660.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The business has a 50 day moving average price of GBX 14.02 and a two-hundred day moving average price of GBX 13.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72.

About Rockhopper Exploration

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.