Rockhopper Exploration (LON:RKH) Shares Up 13.2% – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price rose 13.2% on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares changed hands during trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 37 ($0.45) target price on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a 50-day moving average of GBX 19.74 and a 200-day moving average of GBX 16.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock has a market cap of £219.91 million, a price-to-earnings ratio of 1,720.00, a PEG 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.