Chariot (LON:CHAR) Trading Up 10.1% – Here’s Why

Chariot Limited (LON:CHARGet Free Report) was up 10.1% during mid-day trading on Friday . The company traded as high as GBX 1.77 ($0.02) and last traded at GBX 1.77 ($0.02). Approximately 4,985,112 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 3,192,780 shares. The stock had previously closed at GBX 1.61 ($0.02).

Chariot Stock Performance

The stock’s 50-day moving average price is GBX 1.82 and its 200 day moving average price is GBX 3.26. The firm has a market cap of £19.18 million, a P/E ratio of -81.25 and a beta of 0.48. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.00 and a quick ratio of 3.74.

About Chariot

(Get Free Report)

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Transitional Power.

Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside.

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