Borders & Southern Petroleum (LON:BOR) Stock Price Up 25.3% - Here's Why

Key Points

• Borders & Southern Petroleum's stock price surged by 25.3%, reaching GBX 9.40 ($0.13), significantly increasing its trading volume by 231%.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, indicating confidence among corporate insiders who collectively own 59.33% of the company.
• The company operates in the Falkland Islands, holding a 100% interest in three production licenses covering approximately 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - )'s stock price traded up 25.3% during trading on Monday . The stock traded as high as GBX 9.40 ($0.13) and last traded at GBX 9.40 ($0.13). 7,444,036 shares changed hands during trading, an increase of 231% from the average session volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Price Performance

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

Insider Buying and Selling at Borders & Southern Petroleum

In other news, insider William Hodson bought 122,807 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,484.96). Corporate insiders own 59.33% of the company's stock.

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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