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

Key Points

• Borders & Southern Petroleum's shares rose by 4.5%, trading at GBX 11.50 ($0.16), with a significant increase in trading volume of 120% from the average.
• Insider William Hodson bought 122,807 shares at an average price of GBX 7 ($0.09), indicating strong confidence from company insiders, who collectively own 59.33% of the stock.
• The company operates primarily in the Falkland Islands, holding a 100% interest in three production licenses across an area of approximately 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s share price shot up 4.5% during 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 changed hands 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 Trading Up 4.5%

The firm has a market cap of £120.85 million, a price-to-earnings ratio of -97.93 and a beta of -0.41. The company has a 50 day moving average of GBX 7.75 and a 200 day moving average of GBX 6.19.

Insider Buying and Selling

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired 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.

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.