Rockhopper Exploration (LON:RKH) Trading Down 7.3% – Here’s Why

Rockhopper Exploration plc (LON:RKH) shares dropped 7.3% during mid-day trading on Wednesday . The stock traded as low as GBX 30.30 ($0.37) and last traded at GBX 30.30 ($0.37). Approximately 15,009,329 shares were traded 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 ($0.40).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The business has a fifty day simple moving average of GBX 19.31 and a 200-day simple moving average of GBX 15.90. The firm has a market cap of £215.15 million, a P/E ratio of 1,682.75, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12.

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.