Rockhopper Exploration (LON:RKH) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Rockhopper Exploration Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94. The company has a market capitalization of £83.11 million, a price-to-earnings ratio of 650.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The business has a fifty day moving average price of GBX 13.68 and a 200 day moving average price of GBX 13.94.

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.