Borders & Southern Petroleum (LON:BOR) Shares Up 5% - Still a Buy?

Key Points

• Borders & Southern Petroleum's stock price increased by 5% during trading, reaching a last traded price of GBX 11.55 ($0.16).
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) per share, indicating confidence in the company's future.
• The company operates independently in the Falkland Islands, holding a 100% interest in three production licenses over approximately 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - )'s stock price was up 5% during trading on Friday . The company traded as high as GBX 12 ($0.16) and last traded at GBX 11.55 ($0.16). Approximately 3,251,829 shares traded hands during trading, an increase of 43% from the average daily volume of 2,273,733 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Trading Up 5.5%

The firm's 50-day moving average price is GBX 7.65 and its two-hundred day moving average price is GBX 6.13. The stock has a market cap of £121.90 million, a PE ratio of -98.78 and a beta of -0.41.

Insider Activity

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,631.02). 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.

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