Borders & Southern Petroleum (LON:BOR) Stock Price Up 4.5% - Here's What Happened

Key Points

• Borders & Southern Petroleum stock increased by 4.5% during mid-day trading, reaching a high of GBX 12.30 ($0.17) and last trading at GBX 11.50 ($0.16).
• Approximately 5 million shares were traded, which is a 120% increase from its average daily volume.
• Insider William Hodson purchased 122,807 shares at an average cost of GBX 7 ($0.09) each, indicating confidence from company insiders who own 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - ) rose 4.5% during mid-day trading on Friday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). Approximately 5,029,506 shares changed hands during trading, an increase of 120% from the average daily volume of 2,284,984 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Stock Up 4.5%

The stock has a market cap of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41. The business's 50-day simple moving average is GBX 7.75 and its two-hundred day simple moving average is GBX 6.17.

Insider Activity at Borders & Southern Petroleum

In related news, insider William Hodson bought 122,807 shares of the company's stock in a transaction on 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 ($11,651.52). Company 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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