Borders & Southern Petroleum (LON:BOR) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Borders & Southern Petroleum's stock has crossed above its 200-day moving average, trading as high as GBX 11.30 ($0.15) during Thursday's session.
• The company has a market cap of £94.86 million and an extremely high price-to-earnings ratio of -6,749.38.
• Borders & Southern Petroleum operates as an independent oil and gas exploration company in the Falkland Islands, holding a 100% interest in three production licenses.

Borders & Southern Petroleum plc (LON:BOR - )'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.29 ($0.10) and traded as high as GBX 11.30 ($0.15). Borders & Southern Petroleum shares last traded at GBX 11 ($0.15), with a volume of 770,540 shares changing hands.

Borders & Southern Petroleum Stock Down 1.8%

The company has a market cap of £94.86 million, a price-to-earnings ratio of -6,749.38 and a beta of -0.41. The company's fifty day moving average price is GBX 10.14 and its two-hundred day moving average price is GBX 7.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.