Borders & Southern Petroleum (LON:BOR) Trading 4.5% Higher - Here's What Happened

Key Points

• Borders & Southern Petroleum's stock rose 4.5% during trading, reaching a high of GBX 12.30 ($0.17) amid a significant increase in share volume, which was 120% above average.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, indicating a strong commitment from those within the company, with insiders currently owning 59.33% of the stock.
• The company operates as an independent oil and gas exploration firm in the Falkland Islands, holding a 100% interest in three production licenses covering a total area of approximately 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price rose 4.5% on Saturday . The stock traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.15). Approximately 5,029,506 shares were traded 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 Performance

The stock has a market cap of £106.13 million, a PE ratio of -86.01 and a beta of -0.41. The firm has a 50-day moving average price of GBX 7.94 and a 200-day moving average price of GBX 6.28.

Insider Activity

In other news, insider William Hodson purchased 122,807 shares of the business's stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of GBX 7 per share, for a total transaction of £8,596.49. Corporate insiders own 59.33% of the company's stock.

Borders & Southern Petroleum Company Profile

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.