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

Borders & Southern Petroleum plc (LON:BOR)’s stock price was 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). Approximately 5,029,506 shares were traded during 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 Stock Performance

The company’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 PE ratio of -97.93 and a beta of -0.41.

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson bought 122,807 shares of the company’s stock in a transaction on Monday, June 16th. The stock was purchased at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,657.84). Company 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.