Rockhopper Exploration (LON:RKH) Shares Up 10.2% – Time to Buy?

Rockhopper Exploration plc (LON:RKH) rose 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). Approximately 7,537,123 shares changed hands during trading, a decline of 3% from the average daily volume of 7,789,533 shares. The stock had previously closed at GBX 30.40 ($0.38).

Analyst Ratings Changes

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

Rockhopper Exploration Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock has a market cap of £218.09 million, a P/E ratio of 1,705.75, a P/E/G ratio of 0.20 and a beta of 0.87. The business’s 50-day moving average price is GBX 18.88 and its 200-day moving average price is GBX 15.77.

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.