Rockhopper Exploration (LON:RKH) Stock Price Up 13.2% – Here’s What Happened

Shares of Rockhopper Exploration plc (LON:RKH) traded up 13.2% during mid-day trading on Friday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 9,515,748 shares changed hands during mid-day trading, an increase of 17% from the average session 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 set a GBX 37 ($0.46) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The firm has a market capitalization of £216.71 million, a price-to-earnings ratio of 1,695.00, a PEG ratio of 0.20 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 19.31 and its 200 day simple moving average is 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.