Chariot (LON:CHAR) Trading 22.1% Higher – Should You Buy?

Chariot Limited (LON:CHARGet Free Report)’s share price shot up 22.1% during mid-day trading on Tuesday . The stock traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.71 ($0.02). 6,636,906 shares changed hands during trading, an increase of 120% from the average session volume of 3,016,065 shares. The stock had previously closed at GBX 1.40 ($0.02).

Chariot Stock Up 14.4 %

The company has a debt-to-equity ratio of 2.00, a current ratio of 1.01 and a quick ratio of 3.74. The company has a market capitalization of £24.21 million, a PE ratio of -1.35 and a beta of 0.48. The business’s 50 day simple moving average is GBX 1.55 and its 200 day simple moving average is GBX 2.20.

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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