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

Key Points

• Borders & Southern Petroleum's shares rose 4.5% during trading, reaching a high of GBX 12.30 ($0.17), with an increased trading volume of approximately 5 million shares.
• The company's market cap stands at £120.85 million and it has a price-to-earnings ratio of -97.93, indicating potential challenges in profitability.
• Significant insider activity was noted with William Hodson acquiring 122,807 shares at GBX 7 ($0.09), showing confidence in the company's future.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s share price was up 4.5% on Saturday . The company 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 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 Price Performance

The business has a fifty day simple moving average of GBX 8.01 and a two-hundred day simple moving average of GBX 6.32. The company has a market cap of £106.13 million, a PE ratio of -86.01 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of GBX 7 per share, for a total transaction of £8,596.49. Corporate insiders own 59.33% of the company's stock.

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.