Solo Oil PLC (LON:SOLO)‘s stock had its “speculative buy” rating reiterated by Beaufort Securities in a research note issued on Friday.

Solo Oil PLC (LON:SOLO) remained flat at GBX 5.00 during midday trading on Friday. 1,095,556 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is GBX 5.59 and its 200-day moving average price is GBX 6.30. Solo Oil PLC has a 12-month low of GBX 4.00 and a 12-month high of GBX 18.00. The firm’s market cap is GBX 17.47 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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