Rockhopper Exploration (LON:RKH) Shares Down 8% – Here’s Why

Rockhopper Exploration plc (LON:RKH) shares traded down 8% on Saturday . The company traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.44). 6,318,684 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Rockhopper Exploration Stock Down 8.0 %

The business’s fifty day simple moving average is GBX 24.50 and its two-hundred day simple moving average is GBX 17.62. The company has a market cap of £228.22 million, a PE ratio of 1,785.00, a PEG 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.