Borders & Southern Petroleum (LON:BOR) Trading 5.6% Higher - What's Next?

Key Points

• Borders & Southern Petroleum shares surged 5.6% on Friday, trading at GBX 9.45 ($0.12), with a total volume of 2.78 million shares, marking a 24% increase from its average session volume.
• The company holds a 100% interest in three production licenses in the Falkland Islands, covering approximately 10,000 square kilometers, and has a market cap of £98.25 million.
• Insider William Hodson recently acquired 122,807 shares at an average cost of GBX 7 ($0.09), indicating strong confidence from company insiders, who own 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s share price rose 5.6% during mid-day trading on Friday . The stock traded as high as GBX 9.45 ($0.13) and last traded at GBX 9.45 ($0.13). Approximately 2,785,529 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 2,250,197 shares. The stock had previously closed at GBX 8.95 ($0.12).

Borders & Southern Petroleum Trading Up 6.4%

The stock has a fifty day moving average price of GBX 7.05 and a 200 day moving average price of GBX 5.77. The firm has a market cap of £105.08 million, a price-to-earnings ratio of -85.16 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other news, insider William Hodson purchased 122,807 shares of the business's stock in a transaction dated Monday, June 16th. The shares were bought at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,425.43). 59.33% of the stock is currently owned by company insiders.

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.