Solo Oil PLC (LON:SOLO)’s share price hit a new 52-week low during trading 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 trading hands. The stock had previously closed at GBX 2.18 ($0.03).
Separately, Shore Capital reissued a “house stock” rating on shares of Solo Oil in a research note on Thursday, September 27th.
In related news, insider Jon Fitzpatrick purchased 2,960,000 shares of the business’s stock in a transaction on Monday, September 3rd. The stock was acquired at an average price of GBX 2 ($0.03) per share, with a total value of £59,200 ($77,355.29). Also, insider Alastair Ferguson purchased 4,444,444 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was bought at an average cost of GBX 2 ($0.03) per share, with a total value of £88,888.88 ($116,149.07).
Solo Oil Company Profile (LON:SOLO)
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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