Rockhopper Exploration (LON:RKH) Trading Down 10.2% - Here's What Happened

Rockhopper Exploration plc (LON:RKH - Get Free Report)'s stock price dropped 10.2% during trading on Friday . The stock traded as low as GBX 39.60 ($0.51) and last traded at GBX 40.40 ($0.52). Approximately 4,470,060 shares traded hands during trading, an increase of 20% from the average daily volume of 3,733,308 shares. The stock had previously closed at GBX 45 ($0.58).

Rockhopper Exploration Trading Down 10.2 %

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 business's fifty day simple moving average is GBX 39.09 and its two-hundred day simple moving average is GBX 26.74. The stock has a market capitalization of £303.24 million, a P/E ratio of 19,254.22, 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.