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Borders & Southern Petroleum (LON:BOR) Trading 13.8% Higher - Here's Why

Borders & Southern Petroleum logo with Energy background

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares shot up 13.8% on Thursday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 7 ($0.09). 6,931,437 shares traded hands during trading, an increase of 161% from the average session volume of 2,653,604 shares. The stock had previously closed at GBX 6.15 ($0.08).

Borders & Southern Petroleum Trading Down 7.7%

The company's 50-day simple moving average is GBX 5.04 and its 200-day simple moving average is GBX 3.95. The stock has a market capitalization of £63.05 million, a price-to-earnings ratio of -51.09 and a beta of -0.41.

About Borders & Southern Petroleum

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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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