Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Here’s Why

Shares of Rockhopper Exploration plc (LON:RKH) dropped 8% during mid-day trading on Friday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). Approximately 6,318,684 shares changed hands during trading, a decline of 7% from the average daily volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Stock Performance

The stock has a market capitalization of £228.22 million, a PE ratio of 1,785.00, a price-to-earnings-growth 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. The stock has a fifty day moving average of GBX 24.05 and a 200-day moving average of GBX 17.49.

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.