Rockhopper Exploration (OTCMKTS:RCKHF) Shares Down 11.8% – Here’s Why

Shares of Rockhopper Exploration plc (OTCMKTS:RCKHF) traded down 11.8% during trading on Thursday . The company traded as low as $1.05 and last traded at $1.05. 15,541 shares were traded during mid-day trading, a decline of 49% from the average session volume of 30,574 shares. The stock had previously closed at $1.19.

Rockhopper Exploration Price Performance

The business’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.02.

Rockhopper Exploration Company Profile

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.