Borders & Southern Petroleum (LON:BOR) Shares Up 4.5% – Here’s What Happened

Borders & Southern Petroleum plc (LON:BOR) shares shot up 4.5% on Saturday . The stock traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). 5,029,506 shares were traded during mid-day trading, an increase of 120% from the average session volume of 2,284,984 shares. The stock had previously closed at GBX 11 ($0.15).

Borders & Southern Petroleum Price Performance

The company has a market capitalization of £120.85 million, a P/E ratio of -97.93 and a beta of -0.41. The company’s 50-day moving average price is GBX 7.75 and its two-hundred day moving average price is GBX 6.19.

Insider Buying and Selling

In other Borders & Southern Petroleum news, insider William Hodson purchased 122,807 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,657.84). Corporate insiders own 59.33% of the company’s stock.

Borders & Southern Petroleum Company Profile

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.