Rockhopper Exploration (LON:RKH) Sets New 52-Week High – Still a Buy?

Rockhopper Exploration plc (LON:RKH) reached a new 52-week high on Wednesday . The company traded as high as GBX 45.50 ($0.59) and last traded at GBX 44.90 ($0.58), with a volume of 9540487 shares. The stock had previously closed at GBX 42.60 ($0.55).

Rockhopper Exploration Price Performance

The company has a quick ratio of 2.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. The company has a market cap of £374.18 million, a price-to-earnings ratio of 23,758.38, a PEG ratio of 0.20 and a beta of 0.87. The stock’s 50-day simple moving average is GBX 37.66 and its 200 day simple moving average is GBX 24.72.

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.