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

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

Borders & Southern Petroleum Stock Up 12.6%

The company has a market cap 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 two-hundred day moving average price of GBX 9.84.

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson bought 1,500,000 shares of the business’s stock in a transaction on Saturday, January 31st. The shares were bought at an average cost of GBX 9 per share, for a total transaction of £135,000. Corporate insiders own 21.48% 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.