Borders & Southern Petroleum (LON:BOR) Trading 25.3% Higher - Still a Buy?

Key Points

• Borders & Southern Petroleum saw a significant rise of 25.3% in stock price, trading at GBX 9.40 ($0.13) after previously closing at GBX 7.50 ($0.10).
• The trading volume surged by 231%, with approximately 7.4 million shares exchanged, compared to the average daily volume of 2.2 million shares.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09), contributing to company insiders holding 59.33% of the stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares traded up 25.3% on Monday . The stock traded as high as GBX 9.40 ($0.12) and last traded at GBX 9.40 ($0.12). 7,444,036 shares were traded during trading, an increase of 231% from the average session volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Stock Down 3.0%

The firm's fifty day moving average price is GBX 7 and its two-hundred day moving average price is GBX 5.69. The stock has a market capitalization of £96.31 million, a PE ratio of -78.05 and a beta of -0.41.

Insider Buying and Selling at Borders & Southern Petroleum

In related news, insider William Hodson acquired 122,807 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,356.00). 59.33% of the stock is 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.