Rockhopper Exploration (LON:RKH) Stock Price Up 13.2% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH)’s share price rose 13.2% during mid-day trading on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). Approximately 12,899,414 shares changed hands during trading, an increase of 49% from the average daily volume of 8,683,248 shares. The stock had previously closed at GBX 30.40 ($0.38).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Trading Up 13.2 %

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 business has a 50 day moving average of GBX 18.88 and a 200-day moving average of GBX 15.77. The firm has a market capitalization of £219.91 million, a P/E ratio of 1,720.00, a PEG 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.