Borders & Southern Petroleum (LON:BOR) Stock Price Up 4.5% - Time to Buy?

Key Points

• Borders & Southern Petroleum shares rose by 4.5%, reaching a last trading price of GBX 11.50 ($0.16) and trading volume increased by 120% compared to the average.
• The company's market capitalization stands at £120.85 million with a negative PE ratio of -97.93 and a beta of -0.41.
• Insider William Hodson recently purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating confidence in the company's future.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) rose 4.5% during mid-day trading on Saturday . The stock traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.15). Approximately 5,029,506 shares were traded during mid-day trading, an increase of 120% from the average daily volume of 2,284,984 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Trading Up 3.6%

The company has a market cap of £106.13 million, a P/E ratio of -86.01 and a beta of -0.41. The firm's 50 day moving average price is GBX 8.01 and its 200-day moving average price is GBX 6.32.

Insiders Place Their Bets

In other news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average price of GBX 7 per share, with a total value of £8,596.49. 59.33% of the stock is 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.