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

Key Points

• Borders & Southern Petroleum's shares rose 4.5% on Friday, with trading volume increasing by 120% compared to the daily average.
• The company's market capitalization is £120.85 million, and it has a price-to-earnings ratio of -97.93.
• Insider William Hodson purchased 122,807 shares at an average cost of GBX 7 ($0.09), indicating confidence in the company's stock.

Shares of Borders & Southern Petroleum plc (LON:BOR - ) rose 4.5% during 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 were traded during mid-day 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 Trading Up 4.5%

The company has a market cap of £120.85 million, a price-to-earnings ratio of -97.93 and a beta of -0.41. The firm's 50-day moving average price is GBX 7.75 and its 200 day moving average price is GBX 6.17.

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson bought 122,807 shares of the stock in a transaction dated Monday, June 16th. The shares were bought 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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