Borders & Southern Petroleum (LON:BOR) Shares Up 8% – Time to Buy?

Borders & Southern Petroleum plc (LON:BOR) rose 8% during mid-day trading on Friday . The stock traded as high as GBX 10 and last traded at GBX 9.18. Approximately 1,619,179 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 1,455,101 shares. The stock had previously closed at GBX 8.50.

Borders & Southern Petroleum Price Performance

The stock’s 50 day moving average is GBX 9.62 and its two-hundred day moving average is GBX 10.12. The firm has a market capitalization of £78.92 million, a P/E ratio of -69.00 and a beta of -0.41.

Insider Buying and Selling

In other Borders & Southern Petroleum news, insider William Hodson bought 1,500,000 shares of the company’s stock in a transaction on Saturday, January 31st. The stock was bought at an average price of GBX 9 per share, for a total transaction of £135,000. Corporate insiders own 21.31% 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.