Rockhopper Exploration (LON:RKH) Stock Price Down 7.9% - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares dropped 7.9% on Friday . The company traded as low as GBX 16.65 ($0.21) and last traded at GBX 16.86 ($0.21). Approximately 1,984,262 shares changed hands during trading, an increase of 101% from the average daily volume of 988,490 shares. The stock had previously closed at GBX 18.30 ($0.23).

Analyst Upgrades and Downgrades

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 Stock Performance

The company's fifty day moving average price is GBX 14.29 and its 200 day moving average price is GBX 14.26. The company has a market cap of £106.60 million, a PE ratio of 833.75, a P/E/G ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.72 and a quick ratio of 2.94.

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.