Rockhopper Exploration (LON:RKH) Shares Up 10.2% - Still a Buy?

Rockhopper Exploration plc (LON:RKH - Get Free Report) shot up 10.2% on Thursday . The stock traded as high as GBX 34.30 ($0.42) and last traded at GBX 33.50 ($0.41). 7,537,123 shares traded hands during trading, a decline of 3% from the average session volume of 7,789,533 shares. The stock had previously closed at GBX 30.40 ($0.37).

Analyst Ratings Changes

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

Rockhopper Exploration Trading Up 13.2 %

The business's fifty day moving average is GBX 19.31 and its 200-day moving average is GBX 15.90. 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 firm has a market cap of £219.91 million, a P/E ratio of 1,720.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

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.