Borders & Southern Petroleum (LON:BOR) Stock Price Up 9% – Here’s Why

Shares of Borders & Southern Petroleum plc (LON:BOR) shot up 9% during trading on Wednesday . The company traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.29 ($0.03). 2,340,701 shares changed hands during trading, an increase of 131% from the average session volume of 1,015,055 shares. The stock had previously closed at GBX 2.10 ($0.03).

Borders & Southern Petroleum Trading Up 1.9 %

The stock’s fifty day moving average price is GBX 1.85 and its 200 day moving average price is GBX 2.15. The stock has a market cap of £18.28 million, a P/E ratio of -13.00 and a beta of -0.41. The company has a current ratio of 13.41, a quick ratio of 5.54 and a debt-to-equity ratio of 0.00.

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.