Rockhopper Exploration (OTCMKTS:RCKHF) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Rockhopper Exploration plc (OTCMKTS:RCKHF – Get Free Report) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $0.84 and traded as high as $0.8418. Rockhopper Exploration shares last traded at $0.8418, with a volume of 2,500 shares changing hands.

Rockhopper Exploration Stock Performance

The business has a 50-day moving average of $0.84 and a two-hundred day moving average of $0.97.

Rockhopper Exploration Company Profile

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Rockhopper Exploration plc is an oil and gas exploration and production company focused primarily on the Falkland Islands. Its activities include identifying, evaluating and developing offshore hydrocarbon resources, with its portfolio centered on the North Falkland Basin.

The company’s principal asset is the Sea Lion field, a discovered offshore oil field in the North Falkland Basin. Rockhopper holds an interest in the project and works with its partners on appraisal, development planning and potential future production.

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