Rockhopper Exploration (LON:RKH) Sets New 1-Year High – Should You Buy?

Shares of Rockhopper Exploration plc (LON:RKH) hit a new 52-week high on Monday . The stock traded as high as GBX 23.50 ($0.30) and last traded at GBX 22.40 ($0.28), with a volume of 7217185 shares changing hands. The stock had previously closed at GBX 20.50 ($0.26).

Analyst Ratings Changes

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

Rockhopper Exploration Stock Up 9.3 %

The firm has a market cap of £143.20 million, a PE ratio of 1,120.00, a PEG ratio of 0.20 and a beta of 0.87. The company’s 50-day simple moving average is GBX 15.48 and its two-hundred day simple moving average is GBX 14.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72.

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.