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

Key Points

• Borders & Southern Petroleum's shares surged by 25.3%, reaching GBX 9.40 ($0.13) during trading, with a notable increase in trading volume of 231% from the average.
• The company has a market capitalization of £92.45 million and a price-to-earnings ratio of -74.92, highlighting significant financial challenges.
• Insider William Hodson recently acquired 122,807 shares at GBX 7 ($0.09) each, increasing the insider ownership to 59.33% of the company’s stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares were up 25.3% on Tuesday . The company traded as high as GBX 9.40 ($0.12) and last traded at GBX 9.40 ($0.12). Approximately 7,444,036 shares changed hands 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 Price Performance

The stock has a market capitalization of £100.88 million, a PE ratio of -81.75 and a beta of -0.41. The stock's 50 day simple moving average is GBX 7 and its two-hundred day simple moving average is GBX 5.69.

Insiders Place Their Bets

In related news, insider William Hodson bought 122,807 shares of the company's stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,356.00). 59.33% of the stock is currently owned by insiders.

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.