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

Borders & Southern Petroleum plc (LON:BOR) shares shot up 9% on Wednesday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.29 ($0.03). 2,340,701 shares traded hands during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 0.00, a current ratio of 13.41 and a quick ratio of 5.54. The firm’s 50-day moving average is GBX 1.85 and its two-hundred day moving average is GBX 2.15. The company has a market cap of £18.27 million, a P/E ratio of -13.00 and a beta of -0.41.

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.