Rockhopper Exploration (LON:RKH) Shares Down 7.3% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price was down 7.3% on Wednesday . The company traded as low as GBX 30.30 ($0.37) and last traded at GBX 30.30 ($0.37). Approximately 15,009,329 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 9,475,837 shares. The stock had previously closed at GBX 32.70 ($0.40).

Wall Street Analysts Forecast Growth

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

Rockhopper Exploration Stock Down 7.0 %

The stock has a market capitalization of £194.34 million, a PE ratio of 1,520.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company's 50-day moving average is GBX 18.54 and its 200 day moving average is GBX 15.66.

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.