Borders & Southern Petroleum (LON:BOR) Shares Up 25.3% - Should You Buy?

Key Points

• Borders & Southern Petroleum shares surged by 25.3% during trading, reaching GBX 9.40 ($0.13) with a significant increase in trading volume.
• The company has a market cap of £98.78 million and a negative P/E ratio of -80.05, indicating potential concerns about profitability.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09), reflecting confidence in the company's future prospects, with insiders owning 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - ) shot 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). 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 25.3%

The firm has a 50-day moving average of GBX 6.76 and a 200 day moving average of GBX 5.56. The company has a market cap of £98.78 million, a P/E ratio of -80.05 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

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

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