Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price dropped 8% on Saturday . The company traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). Approximately 6,318,684 shares changed hands during trading, a decline of 7% from the average daily volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Rockhopper Exploration Stock Down 8.0 %

The stock has a market capitalization of £228.22 million, a P/E ratio of 1,785.00, a PEG ratio of 0.20 and a beta of 0.87. 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 stock’s fifty day moving average is GBX 24.50 and its two-hundred day moving average is GBX 17.62.

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.