Borders & Southern Petroleum (LON:BOR) Trading Up 12% - Still a Buy?
Shares of Borders & Southern Petroleum plc (LON:BOR — Get Free Report) were up 12% during mid-day trading on Monday . The company traded as high as GBX 8.50 ($0.11) and last traded at GBX 8.40 ($0.11). Approximately 2,304,245 shares traded hands during trading, an increase of 4% from the average daily volume of 2,210,700 shares. The stock had previously closed at GBX 7.50 ($0.10).
Borders & Southern Petroleum Stock Performance
The business’s fifty day moving average is GBX 6.76 and its two-hundred day moving average is GBX 5.56. The company has a market cap of £90.90 million, a P/E ratio of -73.66 and a beta of -0.41.
Insider Activity
In other news, insider William Hodson acquired 122,807 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of GBX 7 ($0.09) per share, with a total value of £8,596.49 ($11,551.32). Corporate insiders own 59.33% 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.
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