Borders & Southern Petroleum (LON:BOR) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Borders & Southern Petroleum stock has crossed above its 200-day moving average, indicating potential upward momentum in its price.
• The stock's current price is GBX 10.80 ($0.15), with a market capitalization of £115.59 million and a P/E ratio of -93.67.
• Insider William Hodson recently purchased 122,807 shares at GBX 7 per share, highlighting confidence from corporate insiders.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 6.08 ($0.08) and traded as high as GBX 11 ($0.15). Borders & Southern Petroleum shares last traded at GBX 10.80 ($0.15), with a volume of 1,228,817 shares trading hands.

Borders & Southern Petroleum Stock Performance

The stock's 50 day simple moving average is GBX 7.75 and its 200-day simple moving average is GBX 6.19. The firm has a market cap of £108.24 million, a price-to-earnings ratio of -87.71 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of the company's stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,657.84). 59.33% of the stock is owned by company 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.