Chariot (LON:CHAR) Trading Down 0.7% – What’s Next?

Chariot Limited (LON:CHAR) shares were down 0.7% on Tuesday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.44 ($0.02). Approximately 115,318 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 3,193,946 shares. The stock had previously closed at GBX 1.45 ($0.02).

Chariot Stock Up 10.2 %

The company has a market cap of £24.15 million, a P/E ratio of -1.35 and a beta of 0.48. The stock’s 50-day moving average price is GBX 1.48 and its 200-day moving average price is GBX 1.81. The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00.

About Chariot

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.