Borders & Southern Petroleum (LON:BOR) Stock Price Up 9.1% - Here's Why

Key Points

• Borders & Southern Petroleum's share price rose by 9.1% on Friday, reaching a trade high of GBX 12.30 ($0.17).
• The company has a market capitalization of £120.85 million and a negative PE ratio of -97.93.
• Insider William Hodson purchased 122,807 shares at an average price of GBX 7 ($0.09), indicating strong insider confidence in the stock.

Borders & Southern Petroleum plc (LON:BOR - Get Free Report)'s stock price rose 9.1% on Friday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 12 ($0.16). Approximately 4,379,233 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 2,280,869 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Stock Performance

The business's 50 day moving average price is GBX 7.94 and its two-hundred day moving average price is GBX 6.28. 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 Buying and Selling at Borders & Southern Petroleum

In related news, insider William Hodson purchased 122,807 shares of Borders & Southern Petroleum stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of GBX 7 per share, with a total value of £8,596.49. Corporate insiders own 59.33% of the company's stock.

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.