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

Key Points

• Borders & Southern Petroleum shares rose by 4.5%, trading at GBX 11.50 ($0.16) after reaching a peak of GBX 12.30 ($0.17), with trading volume significantly increasing by 120% from the average.
• Insider William Hodson purchased 122,807 shares at GBX 7 ($0.09) each, indicating investor confidence as insiders hold 59.33% of the company’s shares.
• The company, focused on oil and gas exploration in the Falkland Islands, has a current market capitalization of £120.85 million and reports a negative price-to-earnings ratio.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report) shares rose 4.5% 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 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's 50-day simple moving average is GBX 7.88 and its two-hundred day simple moving average is GBX 6.26. The company has a market capitalization of £102.46 million, a price-to-earnings ratio of -83.03 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In other Borders & Southern Petroleum news, insider William Hodson purchased 122,807 shares of the stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 7 per share, for a total transaction of £8,596.49. 59.33% of the stock is owned by corporate 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.