Rockhopper Exploration (LON:RKH) Shares Up 11.5% – Here’s What Happened

Rockhopper Exploration plc (LON:RKH)’s share price shot up 11.5% during trading on Monday . The company traded as high as GBX 26.90 ($0.34) and last traded at GBX 25.87 ($0.32). 8,273,394 shares traded hands during mid-day trading, an increase of 642% from the average session volume of 1,115,005 shares. The stock had previously closed at GBX 23.20 ($0.29).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Performance

The stock has a market capitalization of £160.46 million, a PE ratio of 1,255.00, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The firm has a 50 day moving average of GBX 16.95 and a 200-day moving average of GBX 15.17.

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.