Borders & Southern Petroleum (LON:BOR) Trading Up 25.3% - Here's What Happened

Key Points

• Shares of Borders & Southern Petroleum surged by 25.3%, reaching a trading price of GBX 9.40 ($0.13), with trading volume increasing by 231% compared to the average daily volume.
• The company has a current market cap of £98.78 million and a negative PE ratio of -80.05, with key averages at GBX 6.76 for the fifty-day moving average and GBX 5.56 for the 200-day moving average.
• Insider William Hodson acquired 122,807 shares at an average cost of GBX 7 ($0.09), which indicates strong insider confidence as company insiders own 59.33% of the stock.

Shares of Borders & Southern Petroleum plc (LON:BOR - ) were up 25.3% during mid-day trading on Monday . The company traded as high as GBX 9.40 ($0.13) and last traded at GBX 9.40 ($0.13). Approximately 7,444,036 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Price Performance

The stock has a market cap of £98.78 million, a PE ratio of -80.05 and a beta of -0.41. The business has a fifty day moving average of GBX 6.76 and a 200 day moving average of GBX 5.56.

Insider Activity

In other news, insider William Hodson purchased 122,807 shares of the stock in a transaction dated Monday, June 16th. The shares were bought at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,551.32). Company 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.

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