Solo Oil (SOLO) Earns “Speculative Buy” Rating from Beaufort Securities

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

Shares of Solo Oil (SOLO) opened at GBX 3.92 ($0.05) on Monday. Solo Oil has a 12-month low of GBX 3.56 ($0.05) and a 12-month high of GBX 17.84 ($0.24).

In related news, insider Neil Ritson bought 3,000,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of GBX 4 ($0.05) per share, with a total value of £120,000 ($162,733.93).

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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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