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

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

Rockhopper Exploration Price Performance

The company's 50-day moving average is GBX 39.09 and its 200-day moving average is GBX 26.74. The firm has a market capitalization of £303.24 million, a price-to-earnings ratio of 19,254.22, a PEG ratio of 0.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 2.94.

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.