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Borders & Southern Petroleum (LON:BOR) Trading Up 4.5% - Here's What Happened

Borders & Southern Petroleum logo with Energy background

Key Points

  • Shares of Borders & Southern Petroleum rose by 4.5%, trading at GBX 11.50 after previously closing at GBX 11.
  • The company experienced a 120% increase in trading volume, with approximately 5 million shares changing hands.
  • Insider William Hodson purchased 122,807 shares at an average price of GBX 7, indicating strong insider confidence.
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Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares were up 4.5% during trading on Saturday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). Approximately 5,029,506 shares traded hands during trading, an increase of 120% from the average daily volume of 2,284,984 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Price Performance

The firm has a fifty day simple moving average of GBX 7.75 and a two-hundred day simple moving average of GBX 6.19. The firm has a market capitalization of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41.

Insider Buying and Selling at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson bought 122,807 shares of Borders & Southern Petroleum stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,651.52). Company insiders own 59.33% of the company's stock.

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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