Borders & Southern Petroleum (LON:BOR) Stock Price Up 5.6% – Time to Buy?

Borders & Southern Petroleum plc (LON:BOR) shot up 5.6% during mid-day trading on Friday . The company traded as high as GBX 9.45 ($0.13) and last traded at GBX 9.45 ($0.13). 2,785,529 shares were traded during mid-day trading, an increase of 24% from the average session volume of 2,250,197 shares. The stock had previously closed at GBX 8.95 ($0.12).

Borders & Southern Petroleum Stock Performance

The firm has a market capitalization of £100.88 million, a PE ratio of -81.75 and a beta of -0.41. The business’s fifty day simple moving average is GBX 7.05 and its 200-day simple moving average is GBX 5.75.

Insider Buying and Selling at Borders & Southern Petroleum

In related news, insider William Hodson bought 122,807 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,410.26). 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.