Rockhopper Exploration (LON:RKH) Trading Up 9.7% – Should You Buy?

Rockhopper Exploration plc (LON:RKH) shot up 9.7% during trading on Wednesday . The stock traded as high as GBX 20.50 ($0.26) and last traded at GBX 19.75 ($0.25). 3,227,495 shares changed hands during mid-day trading, an increase of 217% from the average session volume of 1,016,967 shares. The stock had previously closed at GBX 18 ($0.23).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 37 ($0.47) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Up 11.1 %

The stock has a market capitalization of £127.85 million, a P/E ratio of 900.00, 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 company’s 50-day moving average price is GBX 14.34 and its 200 day moving average price is GBX 14.29.

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.