Borders & Southern Petroleum (LON:BOR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Borders & Southern Petroleum plc (LON:BOR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.07 and traded as high as GBX 10.90. Borders & Southern Petroleum shares last traded at GBX 9.75, with a volume of 2,182,748 shares traded.

Borders & Southern Petroleum Trading Down 3.1%

The company has a market capitalization of £82.70 million, a price-to-earnings ratio of -72.31 and a beta of -0.41. The company has a fifty day moving average of GBX 9.42 and a 200-day moving average of GBX 10.07.

Insider Activity

In other Borders & Southern Petroleum news, insider William Hodson bought 1,500,000 shares of Borders & Southern Petroleum 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 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.