Borders & Southern Petroleum (LON:BOR) Stock Price Up 20.8% - Should You Buy?

Key Points

• Borders & Southern Petroleum plc shares surged by 20.8% during mid-day trading, reaching a high of GBX 9.35 ($0.13) before closing at GBX 9.06 ($0.12).
• The company has a market cap of £98.78 million and a negative price-to-earnings ratio of -80.05.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), highlighting ongoing insider confidence in the company's prospects.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares were up 20.8% on Monday . The company traded as high as GBX 9.35 ($0.12) and last traded at GBX 9.06 ($0.12). Approximately 6,717,231 shares traded hands during mid-day trading, an increase of 200% from the average daily volume of 2,241,345 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Trading Down 3.0%

The firm has a market cap of £96.31 million, a price-to-earnings ratio of -78.05 and a beta of -0.41. The firm has a 50 day moving average price of GBX 7 and a 200-day moving average price of GBX 5.69.

Insider Activity at Borders & Southern Petroleum

In related news, insider William Hodson bought 122,807 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,356.00). 59.33% of the stock is currently owned by insiders.

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.