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

Key Points

• Borders & Southern Petroleum shares increased by 4.5% during trading, reaching a high of GBX 12.30 ($0.17) before last trading at GBX 11.50 ($0.16), with over 5 million shares traded.
• The company has a market cap of £120.85 million, a negative P/E ratio of -97.93, and a beta of -0.41, indicating lower volatility compared to the market.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, highlighting insider confidence as corporate insiders own 59.33% of the company's stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s share price shot up 4.5% during mid-day trading on Friday . The stock 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 Stock Performance

The firm's fifty day simple moving average is GBX 7.75 and its 200-day simple moving average is GBX 6.19. The stock has a market cap of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41.

Insider Transactions at Borders & Southern Petroleum

In related news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,651.52). 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.