Borders & Southern Petroleum (LON:BOR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Borders & Southern Petroleum plc (LON:BOR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 10.07 and traded as high as GBX 10.90. Borders & Southern Petroleum shares last traded at GBX 9.75, with a volume of 2,182,748 shares changing hands.

Borders & Southern Petroleum Stock Performance

The firm has a market cap of £85.78 million, a PE ratio of -75.00 and a beta of -0.41. The stock has a 50 day simple moving average of GBX 9.42 and a two-hundred day simple moving average of GBX 10.07.

Insiders Place Their Bets

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