Rockhopper Exploration (LON:RKH) Stock Price Up 1.7% – Still a Buy?

Rockhopper Exploration plc (LON:RKH) shot up 1.7% during trading 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 were traded 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).

Analyst Ratings Changes

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

Rockhopper Exploration Price Performance

The business’s fifty day moving average price is GBX 13.58 and its 200-day moving average price is GBX 13.96. The company has a market capitalization of £101.26 million, a P/E ratio of 737.50, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

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.