Solo Oil’s (SOLO) “Speculative Buy” Rating Reaffirmed at Beaufort Securities
Solo Oil (LON:SOLO)‘s stock had its “speculative buy” rating reiterated by stock analysts at Beaufort Securities in a research report issued to clients and investors on Monday.
Solo Oil (LON:SOLO) opened at GBX 3.92 ($0.05) on Monday. Solo Oil has a 1 year low of GBX 3.56 ($0.05) and a 1 year high of GBX 17.84 ($0.24).
In other Solo Oil news, insider Neil Ritson bought 3,000,000 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £120,000 ($162,733.93).
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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