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

Shares of Rockhopper Exploration plc (LON:RKH) fell 8% during mid-day trading on Friday . The company traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares changed hands during 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).

Analyst Ratings Changes

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

Rockhopper Exploration Trading Down 8.0 %

The company’s fifty day simple moving average is GBX 24.05 and its 200-day simple moving average is GBX 17.49. The firm has a market capitalization of £228.22 million, a PE ratio of 1,785.00, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94.

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.