Rockhopper Exploration (LON:RKH) Stock Price Up 13.2% – Time to Buy?

Rockhopper Exploration plc (LON:RKH) traded up 13.2% during trading on Friday . The stock traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.42). 9,515,748 shares were traded 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).

Analyst Ratings Changes

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

Rockhopper Exploration Stock Down 1.5 %

The stock has a market capitalization of £216.71 million, a PE ratio of 1,695.00, a P/E/G ratio of 0.20 and a beta of 0.87. The stock’s 50-day moving average price is GBX 19.31 and its two-hundred day moving average price 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.