Rockhopper Exploration (LON:RKH) Hits New 52-Week High – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 27.80 ($0.35) and last traded at GBX 27.60 ($0.35), with a volume of 6944296 shares. The stock had previously closed at GBX 25.10 ($0.31).

Analysts Set New Price Targets

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 Trading Up 10.0 %

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 17.19 and a 200-day moving average of GBX 15.24. The stock has a market capitalization of £176.44 million, a price-to-earnings ratio of 1,380.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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.