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

Rockhopper Exploration plc (LON:RKH) rose 13.2% during 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 mid-day 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).

Analyst Ratings Changes

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

Rockhopper Exploration Price Performance

The stock 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. The business has a fifty day simple moving average of GBX 18.88 and a 200-day simple moving average of GBX 15.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72.

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.