Borders & Southern Petroleum (LON:BOR) Trading Up 25.3% - Should You Buy?

Key Points

• Borders & Southern Petroleum shares surged 25.3% to GBX 9.40 ($0.13), with trading volume increasing by 231% compared to the average.
• The company, with a market cap of £98.78 million, has a price-to-earnings ratio of -80.05 and operates independently in the Falkland Islands, holding three production licenses.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7, indicating confidence as insiders own 59.33% of the company's stock.

Borders & Southern Petroleum plc (LON:BOR - ) shares were up 25.3% 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 changed hands during 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 Stock Up 25.3%

The company has a market cap of £98.78 million, a price-to-earnings ratio of -80.05 and a beta of -0.41. The stock has a fifty day moving average price of GBX 6.82 and a two-hundred day moving average price of GBX 5.60.

Insider Buying and Selling

In related news, insider William Hodson purchased 122,807 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,484.96). 59.33% of the stock is currently owned by company 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.

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