Rockhopper Exploration (LON:RKH) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Rockhopper Exploration plc (LON:RKH)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 13.95 ($0.18) and traded as low as GBX 12.80 ($0.17). Rockhopper Exploration shares last traded at GBX 12.95 ($0.17), with a volume of 5,210,511 shares changing 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 Price Performance

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 stock has a market capitalization of £84.38 million, a PE ratio of 660.00, a PEG ratio of 0.20 and a beta of 0.87. The business has a fifty day moving average price of GBX 14.02 and a 200-day moving average price of GBX 13.96.

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.