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Borders & Southern Petroleum (LON:BOR) Trading Up 17.4% - Time to Buy?

Borders & Southern Petroleum logo with Energy background

Key Points

  • Borders & Southern Petroleum's stock price surged by 17.4% during trading, closing at GBX 8.81 ($0.12) after reaching a high of GBX 9.20 ($0.12).
  • Insider William Hodson acquired 122,807 shares of the company on June 16th at an average price of GBX 7 ($0.09), indicating strong insider confidence.
  • The company operates as an independent oil and gas exploration firm in the Falkland Islands, holding a 100% interest in three production licenses over approximately 10,000 square kilometers.
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Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price was up 17.4% during trading on Monday . The company traded as high as GBX 9.20 ($0.12) and last traded at GBX 8.81 ($0.12). Approximately 5,051,739 shares traded hands during trading, an increase of 127% from the average daily volume of 2,228,589 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Trading Up 16.6%

The stock's fifty day moving average is GBX 6.76 and its 200 day moving average is GBX 5.56. The company has a market capitalization of £91.90 million, a P/E ratio of -74.47 and a beta of -0.41.

Insider Transactions at Borders & Southern Petroleum

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