Borders & Southern Petroleum (LON:BOR) Shares Down 6.7% - Should You Sell?

Key Points

• Borders & Southern Petroleum shares fell 6.7%, trading as low as GBX 9.50 ($0.13), with a significant increase in trading volume at approximately 3,979,090 shares.
• The company's market capitalization stands at £85.21 million with a PE ratio of -6,062.50, indicating potential financial concerns.
• Borders & Southern operates in the Falkland Islands, focusing on oil and gas exploration with complete ownership of three production licenses covering around 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - ) shares dropped 6.7% during trading on Thursday . The stock traded as low as GBX 9.50 ($0.13) and last traded at GBX 9.70 ($0.13). Approximately 3,979,090 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 2,203,568 shares. The stock had previously closed at GBX 10.40 ($0.14).

Borders & Southern Petroleum Stock Down 6.7%

The company's fifty day simple moving average is GBX 10.47 and its 200 day simple moving average is GBX 7.48. The firm has a market capitalization of £85.21 million, a PE ratio of -6,062.50 and a beta of -0.41.

About Borders & Southern Petroleum

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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