Rockhopper Exploration (LON:RKH) Shares Cross Below 200-Day Moving Average – What’s Next?

Rockhopper Exploration plc (LON:RKH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 13.94 ($0.18) and traded as low as GBX 13 ($0.16). Rockhopper Exploration shares last traded at GBX 13.15 ($0.17), with a volume of 241,438 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated 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 Stock Performance

The firm’s 50-day moving average price is GBX 13.61 and its two-hundred day moving average price is GBX 13.94. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of £84.06 million, a PE ratio of 657.50, a P/E/G 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.