Borders & Southern Petroleum (LON:BOR) Stock Price Down 3.7% – Here’s Why

Borders & Southern Petroleum plc (LON:BOR)’s share price traded down 3.7% on Friday . The company traded as low as GBX 9.70 and last traded at GBX 10.40. 428,449 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 1,242,794 shares. The stock had previously closed at GBX 10.80.

Borders & Southern Petroleum Trading Down 8.9%

The stock’s 50-day moving average is GBX 9.72 and its two-hundred day moving average is GBX 9.84. The company has a market capitalization of £86.54 million, a PE ratio of -75.69 and a beta of -0.41.

Insider Activity at Borders & Southern Petroleum

In related news, insider William Hodson acquired 1,500,000 shares of the stock in a transaction dated Saturday, January 31st. The stock was acquired at an average cost of GBX 9 per share, for a total transaction of £135,000. Insiders own 21.48% 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. Borders & Southern Petroleum plc was incorporated in 2004 and is headquartered in London, the United Kingdom.