Borders & Southern Petroleum (LON:BOR) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Borders & Southern Petroleum (LON:BOR) shares dipped below their 200-day moving average (GBX 9.84) intraday, trading as low as GBX 9.48 before last trading at GBX 10.40 on volume of 1,624,401 shares.
• Insider William Hodson purchased 1,500,000 shares at an average price of GBX 9 on January 31, and company insiders now own 21.48% of the stock.
• The company has a market capitalization of £91.46 million and a negative PE of -80, operating as an oil and gas exploration firm with 100% interest in three licences near the Falkland Islands.

Borders & Southern Petroleum plc (LON:BOR - ) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.84 and traded as low as GBX 9.48. Borders & Southern Petroleum shares last traded at GBX 10.40, with a volume of 1,624,401 shares trading hands.

Borders & Southern Petroleum Price Performance

The business's 50 day moving average is GBX 9.59 and its two-hundred day moving average is GBX 9.84. The firm has a market capitalization of £91.46 million, a PE ratio of -80.00 and a beta of -0.41.

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson bought 1,500,000 shares of the firm's stock in a transaction on Saturday, January 31st. The stock was acquired at an average price of GBX 9 per share, with a total value of £135,000. Company insiders own 21.48% of the company's stock.

Borders & Southern Petroleum Company Profile

Borders & Southern Petroleum plc operates as an independent oil and gas exploration company in the Falkland Islands. The company is involved in the exploration and appraisal of hydrocarbons. It holds a 100% interest in three production licenses covering an area of approximately 10,000 square kilometers located approximately 150 kilometers south-east of the Falkland Islands. Borders & Southern Petroleum plc was incorporated in 2004 and is headquartered in London, the United Kingdom.

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