Rockhopper Exploration (LON:RKH) Stock Price Up 11.5% - Should You Buy?

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares traded up 11.5% on Monday . The stock traded as high as GBX 26.90 ($0.34) and last traded at GBX 25.87 ($0.32). 8,273,394 shares were traded during mid-day trading, an increase of 642% from the average session volume of 1,115,005 shares. The stock had previously closed at GBX 23.20 ($0.29).

Wall Street Analyst Weigh In

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

Rockhopper Exploration Stock Performance

The business has a 50 day moving average of GBX 16.71 and a 200-day moving average of GBX 15.10. The company has a market capitalization of £169.41 million, a P/E ratio of 1,325.00, a price-to-earnings-growth 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.

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.