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

Borders & Southern Petroleum plc (LON:BOR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 10.09 and traded as high as GBX 10.40. Borders & Southern Petroleum shares last traded at GBX 9.74, with a volume of 1,433,902 shares changing hands.

Borders & Southern Petroleum Trading Down 1.6%

The stock has a market capitalization of £85.68 million, a P/E ratio of -74.91 and a beta of -0.41. The company has a 50-day moving average price of GBX 9.41 and a 200 day moving average price of GBX 10.09.

Insider Transactions at Borders & Southern Petroleum

In related news, insider William Hodson bought 1,500,000 shares of the business’s stock in a transaction on Saturday, January 31st. The shares were bought at an average price of GBX 9 per share, for a total transaction of £135,000. 21.48% of the stock is 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.