Beaufort Securities reiterated their speculative buy rating on shares of Solo Oil PLC (LON:SOLO) in a report published on Thursday morning.

Solo Oil PLC (LON:SOLO) opened at 5.50 on Thursday. Solo Oil PLC has a 12 month low of GBX 4.10 and a 12 month high of GBX 17.84. The firm’s 50-day moving average is GBX 5.32 and its 200-day moving average is GBX 7.23. The company’s market capitalization is GBX 19.22 million.

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About Solo Oil PLC

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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