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

Key Points

• Borders & Southern Petroleum shares rose 25.3% on Tuesday, reaching a final trading price of GBX 9.40 ($0.13) after closing at GBX 7.50 ($0.10).
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating strong insider confidence as company insiders own 59.33% of the stock.
• The company, based in the Falkland Islands, holds a 100% interest in three production licenses covering approximately 10,000 square kilometers for oil and gas exploration.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares shot up 25.3% during mid-day trading on Tuesday . The company traded as high as GBX 9.40 ($0.12) and last traded at GBX 9.40 ($0.12). 7,444,036 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Trading Up 1.6%

The company's 50-day moving average price is GBX 7 and its two-hundred day moving average price is GBX 5.69. The company has a market cap of £100.88 million, a P/E ratio of -81.75 and a beta of -0.41.

Insider Activity

In related news, insider William Hodson purchased 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,356.00). 59.33% of the stock is owned by company 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.