Rockhopper Exploration (LON:RKH) Sets New 1-Year High – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 21.70 ($0.28) and last traded at GBX 21.23 ($0.27), with a volume of 3008708 shares trading hands. The stock had previously closed at GBX 20.80 ($0.26).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 ($0.47) target price on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Up 2.1 %

The firm has a market capitalization of £135.70 million, a PE ratio of 1,057.50, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of GBX 14.65 and a two-hundred day moving average of GBX 14.42.

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.