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Borders & Southern Petroleum (LON:BOR) Trading Down 10% - Should You Sell?

Borders & Southern Petroleum logo with Energy background

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) fell 10% during mid-day trading on Monday . The company traded as low as GBX 6.28 ($0.08) and last traded at GBX 6.30 ($0.08). 309,262 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,291,216 shares. The stock had previously closed at GBX 7 ($0.09).

Borders & Southern Petroleum Price Performance

The firm's fifty day moving average is GBX 6.49 and its 200 day moving average is GBX 5.26. The firm has a market capitalization of £66.20 million, a price-to-earnings ratio of -53.65 and a beta of -0.41.

Insider Activity

In related news, insider William Hodson purchased 122,807 shares of the company's stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,593.38). 59.33% of the stock is owned by company insiders.

About Borders & Southern Petroleum

(Get Free Report)

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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