Rockhopper Exploration (LON:RKH) Trading 8.2% Higher - Should You Buy?

Rockhopper Exploration plc (LON:RKH - Get Free Report) shares rose 8.2% during mid-day trading on Monday . The stock traded as high as GBX 42.24 ($0.55) and last traded at GBX 41 ($0.53). Approximately 5,020,377 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 3,560,216 shares. The stock had previously closed at GBX 37.90 ($0.49).

Rockhopper Exploration Price Performance

The firm has a market capitalization of £360.05 million, a P/E ratio of 22,861.21, a P/E/G ratio of 0.20 and a beta of 0.87. The business's fifty day moving average is GBX 37.52 and its 200 day moving average is GBX 24.51. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12.

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.