Rockhopper Exploration (LON:RKH) Trading 13.2% Higher – Here’s What Happened

Shares of Rockhopper Exploration plc (LON:RKH) shot up 13.2% on Thursday . The company traded as high as GBX 35.06 ($0.43) and last traded at GBX 34.40 ($0.43). 9,515,748 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 8,119,304 shares. The stock had previously closed at GBX 30.40 ($0.38).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Trading Up 13.2 %

The firm’s 50 day simple moving average is GBX 18.88 and its two-hundred day simple moving average is GBX 15.77. The stock has a market capitalization of £219.91 million, a P/E ratio of 1,720.00, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a quick ratio of 2.94, a current ratio of 1.72 and a debt-to-equity ratio of 0.12.

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.