Rockhopper Exploration (LON:RKH) Stock Price Down 8% – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s stock price dropped 8% during trading on Friday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). Approximately 6,318,684 shares traded hands during trading, a decline of 7% from the average daily volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 37 ($0.46) price objective on shares of Rockhopper Exploration in a report on Thursday, September 26th.

Rockhopper Exploration Trading Down 8.0 %

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 business has a 50 day moving average price of GBX 24.05 and a 200-day moving average price of GBX 17.49. The firm has a market capitalization of £228.22 million, a PE ratio of 1,785.00, a P/E/G ratio of 0.20 and a beta of 0.87.

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.