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

Key Points

• Borders & Southern Petroleum's stock increased by 4.5% during trading, reaching a high of GBX 12.30 ($0.17) before closing at GBX 11.50 ($0.16).
• The company's market capitalization stands at £120.85 million, with a PE ratio of -97.93 and a notable increase in trading volume by 120% compared to its average session.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating strong insider confidence with insiders owning 59.33% of the company's stock.

Borders & Southern Petroleum plc (LON:BOR - ) traded up 4.5% 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 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 Stock Up 4.5%

The stock has a market capitalization of £120.85 million, a PE ratio of -97.93 and a beta of -0.41. The stock has a fifty day moving average of GBX 7.75 and a 200-day moving average of GBX 6.19.

Insider Transactions at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson purchased 122,807 shares of the firm's stock in a transaction on Monday, June 16th. The stock was bought at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,651.52). 59.33% of the stock is 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.

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