Rockhopper Exploration (LON:RKH) Shares Down 8% – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price traded down 8% during trading on Saturday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares were traded during mid-day trading, a decline of 7% from the average session volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Rockhopper Exploration Price Performance

The firm has a 50-day simple moving average of GBX 24.50 and a two-hundred day simple moving average of GBX 17.62. The company has a market capitalization of £228.22 million, a price-to-earnings ratio of 1,785.00, a P/E/G 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.

About Rockhopper Exploration

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.