Borders & Southern Petroleum (LON:BOR) Trading Up 25.3% – Time to Buy?

Borders & Southern Petroleum plc (LON:BOR)’s share price was up 25.3% during trading on Tuesday . The company traded as high as GBX 9.40 ($0.13) and last traded at GBX 9.40 ($0.13). Approximately 7,444,036 shares traded hands during mid-day trading, an increase of 231% from the average daily volume of 2,246,393 shares. The stock had previously closed at GBX 7.50 ($0.10).

Borders & Southern Petroleum Stock Down 6.4%

The business has a 50 day simple moving average of GBX 6.82 and a 200 day simple moving average of GBX 5.60. The company has a market capitalization of £92.45 million, a PE ratio of -74.92 and a beta of -0.41.

Insider Buying and Selling

In other Borders & Southern Petroleum news, insider William Hodson purchased 122,807 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was bought at an average cost of GBX 7 ($0.09) per share, for a total transaction of £8,596.49 ($11,484.96). Company insiders own 59.33% 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.