Borders & Southern Petroleum (LON:BOR) Shares Up 25.3% - Here's What Happened

Key Points

• Borders & Southern Petroleum shares experienced a significant rise of 25.3%, reaching GBX 9.40 ($0.13) during mid-day trading.
• Insider William Hodson purchased 122,807 shares at an average cost of GBX 7 ($0.09) per share, increasing his stake in the company.
• The company operates as an independent oil and gas exploration firm, holding a 100% interest in three production licenses in the Falkland Islands.

Shares of Borders & Southern Petroleum plc (LON:BOR - ) were up 25.3% during mid-day trading on Monday . The company traded as high as GBX 9.40 ($0.13) and last traded at GBX 9.40 ($0.13). Approximately 7,444,036 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Stock Up 25.3%

The company's fifty day simple moving average is GBX 6.82 and its 200 day simple moving average is GBX 5.60. The firm has a market capitalization of £98.78 million, a PE ratio of -80.05 and a beta of -0.41.

Insider Activity

In other news, insider William Hodson purchased 122,807 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,484.96). Corporate 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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