Borders & Southern Petroleum (LON:BOR) Trading Up 17.4% - Here's What Happened

Key Points

• Borders & Southern Petroleum shares surged 17.4% during mid-day trading, reaching a high of GBX 9.20 ($0.12), significantly up from the previous close of GBX 7.50 ($0.10).
• The company's market cap stands at **£91.90 million** with an average trading volume increase of **127%**, totaling over 5 million shares exchanged.
• Insider **William Hodson** bought 122,807 shares at GBX 7 ($0.09) each, with insiders holding **59.33%** of the company’s stock.

Borders & Southern Petroleum plc (LON:BOR - ) shot up 17.4% during mid-day trading on Monday . The stock traded as high as GBX 9.20 ($0.12) and last traded at GBX 8.81 ($0.12). 5,051,739 shares were traded during trading, an increase of 127% from the average session volume of 2,228,589 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Price Performance

The business's fifty day simple moving average is GBX 6.76 and its 200 day simple moving average is GBX 5.56. The stock has a market cap of £91.90 million, a price-to-earnings ratio of -74.47 and a beta of -0.41.

Insider Buying and Selling

In other news, insider William Hodson purchased 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,551.32). 59.33% of the stock is currently owned by 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.

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