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

Rockhopper Exploration plc (LON:RKH)’s share price fell 7.3% during mid-day trading on Wednesday . The company traded as low as GBX 30.30 ($0.38) and last traded at GBX 30.30 ($0.38). 15,009,329 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 9,475,837 shares. The stock had previously closed at GBX 32.70 ($0.41).

Analysts Set New Price Targets

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

Rockhopper Exploration Stock Performance

The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of GBX 18.54 and a 200 day moving average price of GBX 15.66. The firm has a market capitalization of £192.42 million, a PE ratio of 1,505.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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.