Borders & Southern Petroleum (LON:BOR) Stock Price Up 4.5% – Time to Buy?

Borders & Southern Petroleum plc (LON:BOR)’s share price rose 4.5% on Saturday . The company traded as high as GBX 12.30 ($0.17) and last traded at GBX 11.50 ($0.16). Approximately 5,029,506 shares were traded during mid-day 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 Trading Up 4.5%

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

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson acquired 122,807 shares of the company’s stock in a transaction dated 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). 59.33% of the stock is currently owned by company insiders.

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.