Borders & Southern Petroleum (LON:BOR) Trading 11% Higher – Time to Buy?

Borders & Southern Petroleum plc (LON:BOR) shares traded up 11% during mid-day trading on Friday . The company traded as high as GBX 10.50 and last traded at GBX 10.25. 2,031,920 shares changed hands during trading, an increase of 65% from the average session volume of 1,229,686 shares. The stock had previously closed at GBX 9.24.

Borders & Southern Petroleum Trading Up 12.6%

The company has a market capitalization of £91.46 million, a P/E ratio of -80.00 and a beta of -0.41. The business has a 50 day moving average price of GBX 9.74 and a 200 day moving average price of GBX 9.84.

Insider Transactions at Borders & Southern Petroleum

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