Borders & Southern Petroleum (LON:BOR) Trading Down 6.7% - What's Next?

Key Points

• Shares of Borders & Southern Petroleum plc (LON:BOR) fell by 6.7%, trading at GBX 9.70 ($0.13) with increased trading volume of nearly 4 million shares.
• The stock's 200-day simple moving average is GBX 7.48, indicating significant price movement compared to its historical performance.
• Borders & Southern Petroleum operates as an independent oil and gas exploration company, holding a 100% interest in production licenses in the Falkland Islands covering approximately 10,000 square kilometers.

Shares of Borders & Southern Petroleum plc (LON:BOR - ) traded down 6.7% during mid-day trading on Thursday . The company traded as low as GBX 9.50 ($0.13) and last traded at GBX 9.70 ($0.13). 3,979,090 shares were traded during trading, an increase of 81% from the average session volume of 2,203,568 shares. The stock had previously closed at GBX 10.40 ($0.14).

Borders & Southern Petroleum Price Performance

The stock's fifty day simple moving average is GBX 10.47 and its 200-day simple moving average is GBX 7.48. The company has a market capitalization of £85.21 million, a P/E ratio of -6,062.50 and a beta of -0.41.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.