Rockhopper Exploration (LON:RKH) Hits New 52-Week High - Here's Why

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 36.50 ($0.45) and last traded at GBX 36.50 ($0.45), with a volume of 6662963 shares trading hands. The stock had previously closed at GBX 34.40 ($0.42).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 37 ($0.45) price objective on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Stock Up 6.1 %

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 business has a 50 day simple moving average of GBX 20.20 and a 200-day simple moving average of GBX 16.19. The firm has a market capitalization of £233.33 million, a price-to-earnings ratio of 1,825.00, a P/E/G ratio of 0.20 and a beta of 0.87.

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.