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

Key Points

• Borders & Southern Petroleum shares increased by 4.5%, reaching GBX 12.30 ($0.17) during trading, with a notable trading volume that exceeded the average by 120%.
• The company has a market capitalization of £120.85 million and a P/E ratio of -97.93, indicating financial challenges despite the recent share price increase.
• Insider William Hodson purchased 122,807 shares for around £8,596, signaling confidence in the company's future among insiders, who own 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares traded up 4.5% during mid-day trading on Saturday . The stock traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). 5,029,506 shares traded hands during mid-day 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 Price Performance

The stock has a market capitalization of £106.22 million, a P/E ratio of -86.08 and a beta of -0.41. The stock has a 50 day moving average price of GBX 7.75 and a 200-day moving average price of GBX 6.19.

Insider Buying and Selling at Borders & Southern Petroleum

In related news, insider William Hodson acquired 122,807 shares of the stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,657.84). Company 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.