Borders & Southern Petroleum (LON:BOR) Shares Up 4.5% - Here's What Happened

Key Points

• Borders & Southern Petroleum's shares rose by 4.5% on Friday, reaching a peak of GBX 12.30 ($0.17), with trading volume increasing significantly to over 5 million shares.
• Insider William Hodson bought 122,807 shares at an average price of GBX 7 ($0.09), indicating a strong confidence from insiders, who own 59.33% of the company.
• The company holds a 100% interest in three production licenses in the Falkland Islands, covering approximately 10,000 square kilometers for oil and gas exploration.

Borders & Southern Petroleum plc (LON:BOR - ) shares traded up 4.5% on Friday . The stock traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). 5,029,506 shares changed hands during trading, an increase of 120% from the average session volume of 2,284,984 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Price Performance

The company's 50-day moving average is GBX 7.75 and its two-hundred day moving average is GBX 6.17. The firm has a market cap of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41.

Insiders Place Their Bets

In other news, insider William Hodson acquired 122,807 shares of the business's 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 ($11,651.52). 59.33% of the stock is owned by corporate 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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