Rockhopper Exploration (LON:RKH) Stock Passes Below 200 Day Moving Average – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 13.97 ($0.18) and traded as low as GBX 12.69 ($0.16). Rockhopper Exploration shares last traded at GBX 13.08 ($0.17), with a volume of 1,973,699 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 37 ($0.48) target price on shares of Rockhopper Exploration in a research note on Thursday, September 26th.

Rockhopper Exploration Price Performance

The company has a market cap of £82.79 million, a price-to-earnings ratio of 647.50, a PEG ratio of 0.20 and a beta of 0.87. The company has a current ratio of 1.72, a quick ratio of 2.94 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average price is GBX 13.94 and its 200 day moving average price is GBX 13.97.

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.