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

Key Points

• Borders & Southern Petroleum's stock rose by 4.5%, reaching a high of GBX 12.30 ($0.17) before closing at GBX 11.50 ($0.16), with trading volume significantly up by 120% compared to the average.
• The company has a market capitalization of £120.85 million and a negative price-to-earnings ratio of -97.93, indicating challenging profitability metrics.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09), reflecting a strong commitment from company insiders, who collectively own 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) rose 4.5% on Saturday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). Approximately 5,029,506 shares changed 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 Performance

The stock has a market capitalization 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 at Borders & Southern Petroleum

In other news, insider William Hodson bought 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost 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.