Rockhopper Exploration (LON:RKH) Stock Price Up 13.2% – Still a Buy?

Rockhopper Exploration plc (LON:RKH) rose 13.2% during trading on Friday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). Approximately 9,515,748 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.37).

Wall Street Analyst Weigh In

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 report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of GBX 19.74 and a 200-day moving average price of GBX 16.03. The firm has a market cap of £219.91 million, a P/E ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87.

Rockhopper Exploration Company Profile

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.