Rockhopper Exploration (LON:RKH) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Rockhopper Exploration plc (LON:RKH)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 13.95 ($0.18) and traded as low as GBX 12.90 ($0.17). Rockhopper Exploration shares last traded at GBX 13.20 ($0.17), with a volume of 348,344 shares.

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Stock 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 13.68 and its 200 day moving average price is GBX 13.94. The firm has a market capitalization of £83.11 million, a PE ratio of 650.00, a PEG ratio of 0.20 and a beta of 0.87.

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.