Rockhopper Exploration (LON:RKH) Stock Price Up 10.2% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) shares shot up 10.2% during trading on Thursday . The stock traded as high as GBX 34.30 ($0.42) and last traded at GBX 33.50 ($0.41). 7,537,123 shares traded hands during trading, a decline of 3% from the average session volume of 7,789,533 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 37 ($0.45) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a market cap of £219.91 million, a PE ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The stock’s 50-day simple moving average is GBX 19.74 and its 200 day simple moving average is GBX 16.03. 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.