Rockhopper Exploration (LON:RKH) Shares Pass Above 200 Day Moving Average of $12.13

Rockhopper Exploration plc (LON:RKHGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 12.13 ($0.16) and traded as high as GBX 14.20 ($0.18). Rockhopper Exploration shares last traded at GBX 14.20 ($0.18), with a volume of 777,774 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a report on Wednesday, May 22nd.

Read Our Latest Analysis on Rockhopper Exploration

Rockhopper Exploration Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.94 and a current ratio of 1.44. The stock has a fifty day simple moving average of GBX 13.36 and a two-hundred day simple moving average of GBX 12.13. The stock has a market capitalization of £90.82 million, a price-to-earnings ratio of 284.00, a P/E/G ratio of 0.20 and a beta of 0.84.

About Rockhopper Exploration

(Get Free Report)

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.

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