Rockhopper Exploration (LON:RKH) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 13.94 ($0.18) and traded as low as GBX 13 ($0.16). Rockhopper Exploration shares last traded at GBX 13.15 ($0.17), with a volume of 241,438 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a research report on Thursday, September 26th.

Rockhopper Exploration Price Performance

The firm has a market capitalization of £84.06 million, a price-to-earnings ratio of 657.50, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The stock's fifty day moving average price is GBX 13.59 and its two-hundred day moving average price is GBX 13.93. 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.