Borders & Southern Petroleum (LON:BOR) Trading 25.3% Higher - Time to Buy?

Key Points

• Borders & Southern Petroleum's share price surged by 25.3%, reaching GBX 9.40 ($0.13), with trading volume increasing to 7,444,036 shares, a 231% rise over the average.
• The company currently holds a market cap of £98.78 million and has a negative PE ratio of -80.05, indicating underlying profitability challenges.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, highlighting confidence in the company's future, as insiders own 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - )'s share price traded up 25.3% on Monday . The company traded as high as GBX 9.40 ($0.13) and last traded at GBX 9.40 ($0.13). 7,444,036 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Stock Up 25.3%

The company has a market cap of £98.78 million, a PE ratio of -80.05 and a beta of -0.41. The company has a 50-day moving average of GBX 6.76 and a 200-day moving average of GBX 5.56.

Insider Activity

In related news, insider William Hodson bought 122,807 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,551.32). 59.33% of the stock is currently owned by 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.

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