Rockhopper Exploration (OTCMKTS:RCKHF) Shares Up 1.9% – Time to Buy?

Shares of Rockhopper Exploration plc (OTCMKTS:RCKHF) were up 1.9% during trading on Friday . The company traded as high as $0.9574 and last traded at $0.9574. Approximately 19,300 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 40,859 shares. The stock had previously closed at $0.94.

Rockhopper Exploration Trading Up 1.9%

The stock’s fifty day simple moving average is $0.97 and its 200 day simple moving average is $1.01.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc is a UK‐based oil and gas exploration and development company incorporated in 2004 and headquartered in London. The company focuses on identifying and appraising hydrocarbon resources in frontier offshore basins, with a strategic emphasis on the North Falkland Basin. In the United States, its American depositary shares trade on the OTC Markets under the ticker RCKHF.

Rockhopper holds interests in multiple exploration licenses in the North Falkland Basin, where its flagship asset is the Sea Lion oil field.