Borders & Southern Petroleum (LON:BOR) Trading Down 10.5% – Here’s Why

Shares of Borders & Southern Petroleum plc (LON:BOR) dropped 10.5% during mid-day trading on Thursday . The stock traded as low as GBX 8.50 and last traded at GBX 8.50. Approximately 1,674,800 shares changed hands during trading, an increase of 15% from the average daily volume of 1,460,284 shares. The stock had previously closed at GBX 9.50.

Borders & Southern Petroleum Stock Performance

The stock has a market cap of £78.30 million, a PE ratio of -68.46 and a beta of -0.41. The company’s 50-day moving average price is GBX 9.67 and its 200 day moving average price is GBX 10.13.

Insiders Place Their Bets

In other Borders & Southern Petroleum news, insider William Hodson acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Saturday, January 31st. The shares were purchased at an average price of GBX 9 per share, with a total value 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.