Rockhopper Exploration (LON:RKH) Reaches New 52-Week High - Here's What Happened

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 23.50 ($0.29) and last traded at GBX 22.40 ($0.28), with a volume of 7217185 shares traded. The stock had previously closed at GBX 20.50 ($0.26).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 37 ($0.46) target price on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Stock Up 9.3 %

The company has a market capitalization of £143.20 million, a P/E ratio of 1,120.00, a P/E/G ratio of 0.20 and a beta of 0.87. The business's fifty day moving average price is GBX 15.48 and its 200 day moving average price is GBX 14.71. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

Rockhopper Exploration Company Profile

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.