Rockhopper Exploration (LON:RKH) Sets New 1-Year High – Here’s What Happened

Rockhopper Exploration plc (LON:RKH) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 21.70 ($0.27) and last traded at GBX 21.23 ($0.27), with a volume of 3008708 shares trading hands. The stock had previously closed at GBX 20.80 ($0.26).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The firm has a market capitalization of £136.16 million, a price-to-earnings ratio of 1,065.00, a P/E/G ratio of 0.20 and a beta of 0.87. 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 stock’s fifty day moving average is GBX 14.79 and its two-hundred day moving average is GBX 14.47.

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.