Borders & Southern Petroleum (LON:BOR) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Borders & Southern Petroleum plc (LON:BOR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 10.13 and traded as low as GBX 8.88. Borders & Southern Petroleum shares last traded at GBX 8.95, with a volume of 667,619 shares traded.

Borders & Southern Petroleum Price Performance

The firm has a market capitalization of £78.74 million, a price-to-earnings ratio of -68.85 and a beta of -0.41. The stock has a 50 day moving average price of GBX 9.72 and a two-hundred day moving average price of GBX 10.13.

Insider Activity at Borders & Southern Petroleum

In related news, insider William Hodson acquired 1,500,000 shares of the business’s stock in a transaction dated Saturday, January 31st. The shares were acquired at an average price of GBX 9 per share, with a total value of £135,000. 21.31% 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. Borders & Southern Petroleum plc was incorporated in 2004 and is headquartered in London, the United Kingdom.