Borders & Southern Petroleum (LON:BOR) Shares Up 4.5% - Time to Buy?

Key Points

• Borders & Southern Petroleum's stock price increased by 4.5%, reaching a last traded price of GBX 11.50 ($0.16).
• The stock had a trading volume of approximately 5 million shares, representing a 120% increase compared to the average daily volume.
• Insider William Hodson purchased 122,807 shares at an average cost of GBX 7 ($0.09), demonstrating confidence in the company's prospects.

Shares of Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shot up 4.5% during mid-day trading on Saturday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). 5,029,506 shares were traded during 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 stock's fifty day moving average price is GBX 7.88 and its 200-day moving average price is GBX 6.26. The firm has a market cap of £106.90 million, a price-to-earnings ratio of -86.63 and a beta of -0.41.

Insider Activity

In related news, insider William Hodson acquired 122,807 shares of the company's stock in a transaction on Monday, June 16th. The shares were purchased at an average price of GBX 7 per share, for a total transaction of £8,596.49. 59.33% of the stock is owned by corporate insiders.

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.