Solo Oil Plc (LON:SOLO) hit a new 52-week low on Wednesday . The company traded as low as GBX 4.17 ($0.06) and last traded at GBX 4.25 ($0.06), with a volume of 2300889 shares traded. The stock had previously closed at GBX 4.25 ($0.06).
Separately, Beaufort Securities reissued a “speculative buy” rating on shares of Solo Oil in a research note on Tuesday, November 14th.
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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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