Borders & Southern Petroleum (LON:BOR) Shares Down 10% - Here's Why

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

Borders & Southern Petroleum Trading Up 4.1%

The firm's fifty day moving average price is GBX 6.61 and its 200 day moving average price is GBX 5.31. The stock has a market capitalization of £73.56 million, a price-to-earnings ratio of -59.61 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other news, insider William Hodson acquired 122,807 shares of the company's stock in a transaction on Monday, June 16th. The shares were bought at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,535.82). Corporate 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.