Borders & Southern Petroleum (LON:BOR) Trading 9.1% Higher – Here’s Why

Shares of Borders & Southern Petroleum plc (LON:BOR) shot up 9.1% during mid-day trading on Wednesday . The company traded as high as GBX 10.60 and last traded at GBX 10.50. 1,666,792 shares were traded during mid-day trading, an increase of 32% from the average session volume of 1,259,423 shares. The stock had previously closed at GBX 9.62.

Borders & Southern Petroleum Stock Up 9.1%

The business has a 50-day moving average price of GBX 9.68 and a 200-day moving average price of GBX 9.84. The firm has a market capitalization of £92.34 million, a PE ratio of -80.77 and a beta of -0.41.

Insider Activity

In related news, insider William Hodson purchased 1,500,000 shares of the company’s 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. 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.