Borders & Southern Petroleum (LON:BOR) Stock Price Up 22.3% - Still a Buy?

Key Points

• Borders & Southern Petroleum saw a significant share price increase of 22.3% during mid-day trading, reaching GBX 9.17 ($0.12) after previously closing at GBX 7.50 ($0.10).
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating strong insider confidence as insiders collectively own 59.33% of the company.
• The company holds a 100% interest in three oil and gas production licenses in the Falkland Islands, showcasing its potential in hydrocarbons exploration.

Borders & Southern Petroleum plc (LON:BOR - )'s share price was up 22.3% during mid-day trading on Monday . The company traded as high as GBX 9.20 ($0.12) and last traded at GBX 9.17 ($0.12). Approximately 6,001,607 shares changed hands during mid-day trading, an increase of 168% from the average daily volume of 2,236,376 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Price Performance

The stock's fifty day simple moving average is GBX 6.76 and its two-hundred day simple moving average is GBX 5.56. The company has a market capitalization of £98.78 million, a price-to-earnings ratio of -80.05 and a beta of -0.41.

Insiders Place Their Bets

In other news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,551.32). 59.33% of the stock is currently 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.

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