Shares of Rockhopper Exploration plc (LON:RKH – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8.51 ($0.10) and traded as low as GBX 6.52 ($0.08). Rockhopper Exploration shares last traded at GBX 6.70 ($0.08), with a volume of 266,689 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 22 ($0.26) price target on shares of Rockhopper Exploration in a report on Monday, May 30th.
Rockhopper Exploration Stock Down 3.2 %
The company has a debt-to-equity ratio of 0.73, a current ratio of 3.40 and a quick ratio of 3.14. The stock has a 50-day moving average price of GBX 7.57 and a 200-day moving average price of GBX 8.51. The company has a market capitalization of £36.22 million and a P/E ratio of -4.79.
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 95.50% working interest in the PL003a production license; 60.50% working interest in PL003b production license; and 100% working interest in PL005 production license in North Falkland Basin.
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