Shares of Borders & Southern Petroleum plc (LON:BOR – Get Free Report) 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 changed hands during 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 firm has a 50 day moving average of GBX 7.75 and a two-hundred day moving average of GBX 6.19. The stock has a market cap of £120.85 million, a PE ratio of -97.93 and a beta of -0.41.
Insiders Place Their Bets
In other news, insider William Hodson acquired 122,807 shares of Borders & Southern Petroleum stock in a transaction on Monday, June 16th. The stock was bought at an average price of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,657.84). 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.
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