Beaufort Securities Reiterates Speculative Buy Rating for Solo Oil (SOLO)

Beaufort Securities reaffirmed their speculative buy rating on shares of Solo Oil (LON:SOLO) in a research report released on Tuesday morning.

Solo Oil (SOLO) opened at GBX 4.30 ($0.06) on Tuesday. Solo Oil has a 12-month low of GBX 3.56 ($0.05) and a 12-month high of GBX 17.84 ($0.25).

In related news, insider Neil Ritson acquired 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of GBX 4 ($0.06) per share, for a total transaction of £120,000 ($168,255.75).

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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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