Trade Report: The Solo Oil PLC (SOLO) Coverage Initiated by Analysts at Beaufort Securities

The Solo Oil PLC (SOLO) Coverage Initiated by Analysts at Beaufort Securities

Stock analysts at Beaufort Securities assumed coverage on shares of Solo Oil PLC (LON:SOLO) in a report released on Wednesday. The firm set a “buy” rating and a GBX 0.84 ($0.01) price target on the stock. Beaufort Securities’ price objective indicates a potential upside of 205.45% from the stock’s previous close.

Separately, Shore Capital reissued a “house stock” rating on shares of Solo Oil PLC in a research note on Tuesday, July 5th.

Shares of Solo Oil PLC (LON:SOLO) traded up 3.774% during mid-day trading on Wednesday, reaching GBX 0.275. 304,668,145 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 0.23 and its 200-day moving average price is GBX 0.25. Solo Oil PLC has a 12-month low of GBX 0.19 and a 12-month high of GBX 0.49. The stock’s market capitalization is GBX 15.90 million.

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