Rockhopper Exploration (LON:RKH) Trading 13.2% Higher – Still a Buy?

Rockhopper Exploration plc (LON:RKH) shares were up 13.2% on Thursday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares were traded during trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Price Performance

The firm has a market cap of £219.91 million, a PE ratio of 1,720.00, a PEG ratio of 0.20 and a beta of 0.87. The firm has a fifty day simple moving average of GBX 19.31 and a two-hundred day simple moving average of GBX 15.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72.

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.