Borders & Southern Petroleum (LON:BOR) Shares Up 11.1% - Here's Why

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price was up 11.1% during mid-day trading on Tuesday . The company traded as high as GBX 7 ($0.09) and last traded at GBX 7 ($0.09). Approximately 1,052,196 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,282,038 shares. The stock had previously closed at GBX 6.30 ($0.08).

Borders & Southern Petroleum Stock Performance

The company has a market capitalization of £72.51 million, a PE ratio of -58.76 and a beta of -0.41. The stock's fifty day simple moving average is GBX 6.52 and its 200-day simple moving average is GBX 5.29.

Insider Buying and Selling at Borders & Southern Petroleum

In related news, insider William Hodson acquired 122,807 shares of the business's stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,509.56). 59.33% of the stock is currently owned by insiders.

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.