Rockhopper Exploration (LON:RKH) Shares Up 9.7% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH)’s stock price was up 9.7% on Wednesday . The company traded as high as GBX 20.50 ($0.26) and last traded at GBX 19.75 ($0.25). Approximately 3,227,495 shares changed hands during trading, an increase of 217% from the average daily volume of 1,016,967 shares. The stock had previously closed at GBX 18 ($0.23).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94. The company has a fifty day moving average price of GBX 14.65 and a 200 day moving average price of GBX 14.42. The company has a market capitalization of £135.70 million, a P/E ratio of 1,061.35, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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.