Borders & Southern Petroleum (LON:BOR) Stock Price Crosses Above 200-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 - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Borders & Southern Petroleum Trading Down 1.9%

The company has a market capitalization of £108.24 million, a price-to-earnings ratio of -87.71 and a beta of -0.41. The firm's fifty day simple moving average is GBX 7.36 and its two-hundred day simple moving average is GBX 5.97.

Insiders Place Their Bets

In related news, insider William Hodson purchased 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,562.19). 59.33% of the stock is owned by insiders.

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.