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

Rockhopper Exploration plc (LON:RKH) shares dropped 8% during mid-day trading on Saturday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). Approximately 6,318,684 shares changed hands during trading, a decline of 7% from the average daily volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Rockhopper Exploration Stock Performance

The stock’s 50 day moving average price is GBX 24.05 and its 200 day moving average price is GBX 17.49. 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 firm has a market cap 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.

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.