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

Key Points

• Borders & Southern Petroleum shares surged by 25.3% on a recent trading day, closing at GBX 9.40 ($0.13), with trading volumes up by 231% compared to the average.
• The company has a market capitalization of £98.78 million and a P/E ratio of -80.05, indicating current financial challenges.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), and insiders own 59.33% of the company's stock, suggesting strong insider confidence.

Shares of Borders & Southern Petroleum plc (LON:BOR - ) traded up 25.3% 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 company's 50-day moving average is GBX 6.76 and its two-hundred day moving average is GBX 5.56. The stock has a market capitalization of £98.78 million, a P/E ratio of -80.05 and a beta of -0.41.

Insider Transactions at Borders & Southern Petroleum

In related news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,484.96). 59.33% of the stock is owned by company 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.

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