Beaufort Securities reissued their speculative buy rating on shares of Solo Oil PLC (LON:SOLO) in a research note issued to investors on Thursday.

Solo Oil PLC (LON:SOLO) remained flat at GBX 5.50 during trading on Thursday. Solo Oil PLC has a 1-year low of GBX 4.10 and a 1-year high of GBX 17.84. The stock’s market capitalization is GBX 19.22 million. The firm has a 50-day moving average of GBX 5.32 and a 200-day moving average of GBX 7.23.

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Solo Oil PLC Company Profile

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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