Rockhopper Exploration (LON:RKH) Shares Down 10.2% – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s share price was down 10.2% on Friday . The company traded as low as GBX 39.60 ($0.51) and last traded at GBX 40.40 ($0.52). Approximately 4,470,060 shares changed hands during trading, an increase of 20% from the average daily volume of 3,733,308 shares. The stock had previously closed at GBX 45 ($0.58).

Rockhopper Exploration Stock Performance

The stock has a market capitalization of £319.15 million, a P/E ratio of 20,264.17, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of GBX 38.74 and a two-hundred day moving average price of GBX 26.18.

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 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.