Rockhopper Exploration (LON:RKH) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Rockhopper Exploration plc (LON:RKH - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 27.36 ($0.36) and traded as high as GBX 42.20 ($0.56). Rockhopper Exploration shares last traded at GBX 41 ($0.54), with a volume of 2,658,260 shares changing hands.

Rockhopper Exploration Price Performance

The stock has a market capitalization of £335.33 million, a price-to-earnings ratio of 21,291.40, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. 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 company's 50 day moving average is GBX 39.76 and its 200 day moving average is GBX 27.82.

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.