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Rockhopper Exploration (LON:RKH) Hits New 1-Year High - Here's Why

Rockhopper Exploration logo with Energy background

Shares of Rockhopper Exploration plc (LON:RKH - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 57 ($0.77) and last traded at GBX 56.20 ($0.76), with a volume of 1473716 shares trading hands. The stock had previously closed at GBX 54.20 ($0.74).

Rockhopper Exploration Stock Up 3.7%

The firm's 50 day simple moving average is GBX 46.68 and its 200-day simple moving average is GBX 35.19. The company has a current ratio of 1.27, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of £449.67 million, a price-to-earnings ratio of 28,551.11, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87.

About Rockhopper Exploration

(Get Free Report)

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.

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