Borders & Southern Petroleum (LON:BOR) Shares Up 4.5% - What's Next?

Key Points

• Borders & Southern Petroleum's share price increased by 4.5%, reaching GBX 11.50 ($0.16) after trading up to GBX 12.30 ($0.17), with a significant trading volume boost of 120% from the average.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating confidence in the company's future, as insiders own 59.33% of the stock.
• The company, which operates in the Falkland Islands, focuses on the exploration and appraisal of hydrocarbons with a market capitalization of £120.85 million.

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

Borders & Southern Petroleum Price Performance

The firm has a market cap of £106.13 million, a price-to-earnings ratio of -86.01 and a beta of -0.41. The stock's fifty day moving average price is GBX 8.01 and its 200-day moving average price is GBX 6.32.

Insider Transactions at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson bought 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 7 per share, for a total transaction of £8,596.49. 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.