Solo Oil PLC (LON:SOLO) insider Neil Ritson bought 3,000,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was bought at an average price of GBX 4 ($0.05) per share, for a total transaction of £120,000 ($161,507.40).

Solo Oil PLC (LON:SOLO) opened at GBX 4 ($0.05) on Friday. Solo Oil PLC has a one year low of GBX 3.56 ($0.05) and a one year high of GBX 17.84 ($0.24).

Separately, Beaufort Securities reiterated a “speculative buy” rating and set a GBX 18 ($0.24) price objective on shares of Solo Oil in a research note on Wednesday, September 6th.

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About Solo Oil

Solo Oil Plc is an oil and gas investment company. The principal activity of the Company is to acquire a portfolio of direct and indirect interests in exploration, development and production oil and gas assets, which are based in the Americas, Europe or Africa. The Company holds approximately 25% interest in the Ruvuma Petroleum Sharing Agreement in the south-east of Tanzania covering an area of approximately 3,447 square kilometers of which over 90% lies onshore and the balance offshore.

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