Rockhopper Exploration (LON:RKH) Reaches New 52-Week High – Here’s Why

Rockhopper Exploration plc (LON:RKH)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 17.39 ($0.22) and last traded at GBX 17.15 ($0.22), with a volume of 5173855 shares traded. The stock had previously closed at GBX 15.83 ($0.20).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 37 ($0.47) price target on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Stock Up 8.4 %

The business has a 50-day moving average of GBX 13.62 and a 200 day moving average of GBX 13.98. The company has a market capitalization of £109.63 million, a PE ratio of 791.25, 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.

About Rockhopper Exploration

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.