Rockhopper Exploration (LON:RKH) Shares Up 12.7% - Should You Buy?

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) traded up 12.7% on Monday . The stock traded as high as GBX 26.30 ($0.33) and last traded at GBX 26.15 ($0.33). 6,864,888 shares were traded during trading, an increase of 519% from the average session volume of 1,109,438 shares. The stock had previously closed at GBX 23.20 ($0.29).

Analyst Upgrades and Downgrades

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

Rockhopper Exploration Trading Up 14.2 %

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 firm has a market capitalization of £169.41 million, a P/E ratio of 1,325.00, a PEG ratio of 0.20 and a beta of 0.87. The business has a 50 day moving average of GBX 16.71 and a 200-day moving average of GBX 15.10.

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.