Shares of Solo Oil PLC (LON:SOLO) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 3.27 ($0.05) and last traded at GBX 3.38 ($0.05), with a volume of 3960000 shares traded. The stock had previously closed at GBX 3.85 ($0.05).
Separately, Beaufort Securities reiterated a “speculative buy” rating on shares of Solo Oil in a research report on Monday, January 22nd.
In other Solo Oil news, insider Neil Ritson purchased 3,000,000 shares of the stock in a transaction on Thursday, December 14th. The stock was bought at an average price of GBX 4 ($0.06) per share, for a total transaction of £120,000 ($165,791.66).
Solo Oil Company Profile
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.
Receive News & Ratings for Solo Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solo Oil and related companies with MarketBeat.com's FREE daily email newsletter.