Rockhopper Exploration (LON:RKH) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Rockhopper Exploration plc (LON:RKH) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 13.95 ($0.18) and traded as low as GBX 12.90 ($0.17). Rockhopper Exploration shares last traded at GBX 13.20 ($0.17), with a volume of 348,344 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 37 ($0.48) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94. The business has a 50-day moving average of GBX 13.73 and a 200-day moving average of GBX 13.95. The company has a market capitalization of £84.56 million, a P/E ratio of 660.00, 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.