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

Key Points

• Shares of Borders & Southern Petroleum plc (LON:BOR) rose by 4.5% during trading, with almost 5 million shares changing hands—an increase of 120% from its average daily volume.
• The company's stock has a market capitalization of £120.85 million and a PE ratio of -97.93, indicating unprofitable operations.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), reflecting confidence in the company's potential.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price rose 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 ($0.15). Approximately 5,029,506 shares traded hands during mid-day 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 Down 5.8%

The business has a fifty day moving average of GBX 7.94 and a 200 day moving average of GBX 6.28. The firm has a market cap of £102.46 million, a P/E ratio of -83.03 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson bought 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of GBX 7 per share, for a total transaction of £8,596.49. Corporate 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.