Borders & Southern Petroleum (LON:BOR) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Borders & Southern Petroleum's share price surpassed its 200-day moving average of GBX 5.84, trading at GBX 10 ($0.13) with a notable volume of 2,615,157 shares.
• The stock has dropped 3.5% recently and currently has a market capitalization of £101.41 million alongside a price-to-earnings ratio of -82.18.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating strong insider confidence as they own 59.33% of the company's stock.

Borders & Southern Petroleum plc (LON:BOR - )'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5.84 ($0.08) and traded as high as GBX 10 ($0.13). Borders & Southern Petroleum shares last traded at GBX 10 ($0.13), with a volume of 2,615,157 shares.

Borders & Southern Petroleum Stock Down 3.5%

The company has a fifty day moving average of GBX 7.16 and a two-hundred day moving average of GBX 5.84. The stock has a market capitalization of £101.41 million, a price-to-earnings ratio of -82.18 and a beta of -0.41.

Insider Buying and Selling

In other news, insider William Hodson bought 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,429.98). Insiders own 59.33% 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.

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