Borders & Southern Petroleum (LON:BOR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Borders & Southern Petroleum plc (LON:BOR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 9.86 and traded as high as GBX 10.90. Borders & Southern Petroleum shares last traded at GBX 10.90, with a volume of 5,401,753 shares changing hands.

Borders & Southern Petroleum Stock Up 5.8%

The stock has a market cap of £95.86 million, a PE ratio of -83.85 and a beta of -0.41. The firm has a 50-day simple moving average of GBX 9.76 and a 200-day simple moving average of GBX 9.86.

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.