Rockhopper Exploration (LON:RKH) Trading Down 7.3% – Should You Sell?

Rockhopper Exploration plc (LON:RKH)’s share price dropped 7.3% during mid-day trading on Wednesday . The stock traded as low as GBX 30.30 ($0.38) and last traded at GBX 30.30 ($0.38). Approximately 15,009,329 shares traded hands during trading, an increase of 58% from the average daily volume of 9,475,837 shares. The stock had previously closed at GBX 32.70 ($0.41).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed 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 Stock Down 8.0 %

The stock has a market capitalization of £192.42 million, a price-to-earnings ratio of 1,505.00, 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 business has a fifty day moving average of GBX 18.54 and a 200 day moving average of GBX 15.66.

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.