Solo Oil PLC (LON:SOLO)‘s stock had its “speculative buy” rating restated by equities researchers at Beaufort Securities in a research report issued on Wednesday. They presently have a GBX 18 ($0.23) price objective on the stock. Beaufort Securities’ price objective indicates a potential upside of 193.88% from the company’s previous close.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Solo Oil PLC in a research report on Thursday, May 11th.

Shares of Solo Oil PLC (SOLO) traded up 6.52% during trading on Wednesday, reaching GBX 6.12. The stock’s market cap is GBX 21.40 million. Solo Oil PLC has a 52 week low of GBX 4.10 and a 52 week high of GBX 17.84. The stock has a 50 day moving average of GBX 5.08 and a 200 day moving average of GBX 7.70.

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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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