Borders & Southern Petroleum (LON:BOR) Stock Price Up 4.5% - What's Next?

Key Points

• Borders & Southern Petroleum's stock rose 4.5% to GBX 11.50 ($0.16), with trading volume increasing 120% from its average.
• The company, involved in oil and gas exploration in the Falkland Islands, has a market capitalization of £120.85 million.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, indicating significant insider confidence in the company's potential.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price rose 4.5% during trading on Saturday . The stock 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 mid-day 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 stock has a market capitalization of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41. The stock's fifty day moving average is GBX 7.75 and its two-hundred day moving average is GBX 6.19.

Insider Transactions at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson purchased 122,807 shares of the business's stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,651.52). 59.33% of the stock is currently owned by insiders.

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.