Borders & Southern Petroleum (LON:BOR) Trading 8.7% Higher - Time to Buy?

Key Points

• Borders & Southern Petroleum shares increased by 8.7%, trading at GBX 11.09 ($0.15) after previously closing at GBX 10.20 ($0.14).
• Insider William Hodson purchased 122,807 shares at an average cost of GBX 7, indicating confidence in the company's prospects.
• The company, engaged in oil and gas exploration in the Falkland Islands, holds 100% interest in three production licenses covering 10,000 square kilometers.

Borders & Southern Petroleum plc (LON:BOR - ) traded up 8.7% during mid-day trading on Tuesday . The company traded as high as GBX 11.50 ($0.16) and last traded at GBX 11.09 ($0.15). 2,035,918 shares changed hands during trading, a decline of 9% from the average session volume of 2,233,395 shares. The stock had previously closed at GBX 10.20 ($0.14).

Borders & Southern Petroleum Price Performance

The stock has a market capitalization of £100.14 million, a price-to-earnings ratio of -7,125.00 and a beta of -0.41. The business's fifty day moving average price is GBX 8.49 and its 200-day moving average price is GBX 6.56.

Insider Activity

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of GBX 7 per share, for a total transaction of £8,596.49. 21.34% of the stock is owned by corporate insiders.

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.

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