Borders & Southern Petroleum (LON:BOR) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares of Borders & Southern Petroleum (LON:BOR) recently exceeded their 200-day moving average, trading at GBX 11.50 ($0.16) after reaching a high of GBX 11.90 ($0.16).
• The company has a market capitalization of £104.26 million and an unusually high P/E ratio of -7,417.50.
• Insider William Hodson purchased 122,807 shares at GBX 7 each, increasing total insider ownership to 21.34% of the company.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6.80 ($0.09) and traded as high as GBX 11.90 ($0.16). Borders & Southern Petroleum shares last traded at GBX 11.50 ($0.16), with a volume of 1,210,087 shares trading hands.

Borders & Southern Petroleum Stock Performance

The company has a 50 day moving average of GBX 9.35 and a 200 day moving average of GBX 6.92. The stock has a market capitalization of £105.41 million, a price-to-earnings ratio of -7,500.00 and a beta of -0.41.

Insider Buying and Selling

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 stock was purchased at an average cost of GBX 7 per share, with a total value of £8,596.49. Corporate insiders own 21.34% of the company's stock.

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.