Solo Oil (SOLO) Reaches New 12-Month Low at $1.82
Solo Oil PLC (LON:SOLO) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 1.82 ($0.02) and last traded at GBX 1.95 ($0.03), with a volume of 8303938 shares. The stock had previously closed at GBX 2.18 ($0.03).
Separately, Shore Capital reaffirmed a “house stock” rating on shares of Solo Oil in a research report on Tuesday, August 21st.
In other Solo Oil news, insider Jon Fitzpatrick bought 2,960,000 shares of the firm’s stock in a transaction that occurred on Monday, September 3rd. The shares were acquired at an average cost of GBX 2 ($0.03) per share, with a total value of £59,200 ($77,355.29). Also, insider Alastair Ferguson bought 4,444,444 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £88,888.88 ($116,149.07).
Solo Oil Plc, an oil and gas investment company, acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets in the Americas, Europe, or Africa. It holds a 7.55% interest in the Kiliwani North Development License; a 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; and a 10% interest in Helium One license located in Tanzania.
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