Rockhopper Exploration (LON:RKH) Stock Crosses Above 200-Day Moving Average - Here's Why

Rockhopper Exploration plc (LON:RKH - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 31.22 ($0.41) and traded as high as GBX 48.90 ($0.64). Rockhopper Exploration shares last traded at GBX 48.20 ($0.64), with a volume of 899,639 shares.

Rockhopper Exploration Stock Up 2.6%

The business has a fifty day simple moving average of GBX 42.98 and a 200 day simple moving average of GBX 32.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94. The firm has a market cap of £441.66 million, a price-to-earnings ratio of 28,043.08, a PEG ratio of 0.20 and a beta of 0.87.

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.