Rockhopper Exploration (OTCMKTS:RCKHF) Trading 16.9% Higher – Still a Buy?

Rockhopper Exploration plc (OTCMKTS:RCKHFGet Free Report)’s share price rose 16.9% during trading on Friday . The stock traded as high as $1.05 and last traded at $1.05. Approximately 14,056 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 22,911 shares. The stock had previously closed at $0.8980.

Rockhopper Exploration Price Performance

The business has a 50 day simple moving average of $0.97 and a two-hundred day simple moving average of $1.01.

Rockhopper Exploration Company Profile

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Rockhopper Exploration plc is a UK‐based oil and gas exploration and development company incorporated in 2004 and headquartered in London. The company focuses on identifying and appraising hydrocarbon resources in frontier offshore basins, with a strategic emphasis on the North Falkland Basin. In the United States, its American depositary shares trade on the OTC Markets under the ticker RCKHF.

Rockhopper holds interests in multiple exploration licenses in the North Falkland Basin, where its flagship asset is the Sea Lion oil field.

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