Borders & Southern Petroleum (LON:BOR) Shares Up 5.6% - Still a Buy?

Key Points

• Borders & Southern Petroleum shares rose 5.6% to GBX 9.45 ($0.12) during mid-day trading, with a trading volume increase of 24% compared to the daily average.
• The company's stock has a market cap of £98.25 million and a P/E ratio of -79.62, indicating potential volatility in its earnings performance.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09) each, with corporate insiders owning 59.33% of the company.

Borders & Southern Petroleum plc (LON:BOR - ) rose 5.6% during mid-day trading on Friday . The company traded as high as GBX 9.45 ($0.12) and last traded at GBX 9.45 ($0.12). Approximately 2,785,529 shares were traded during trading, an increase of 24% from the average daily volume of 2,250,197 shares. The stock had previously closed at GBX 8.95 ($0.12).

Borders & Southern Petroleum Price Performance

The company's 50 day simple moving average is GBX 7 and its 200 day simple moving average is GBX 5.69. The stock has a market cap of £98.25 million, a P/E ratio of -79.62 and a beta of -0.41.

Insider Buying and Selling at Borders & Southern Petroleum

In other news, insider William Hodson acquired 122,807 shares of the 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, for a total transaction of £8,596.49 ($11,356.00). 59.33% of the stock is currently 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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