Chariot (LON:CHAR) Trading 10.3% Higher – Here’s Why

Shares of Chariot Limited (LON:CHARGet Free Report) rose 10.3% during trading on Monday . The company traded as high as GBX 1.74 and last traded at GBX 1.60. Approximately 5,501,625 shares were traded during trading, an increase of 70% from the average daily volume of 3,232,732 shares. The stock had previously closed at GBX 1.45.

Chariot Stock Up 12.1%

The firm’s fifty day simple moving average is GBX 1.64 and its two-hundred day simple moving average is GBX 1.56. The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00. The company has a market capitalization of £25.66 million, a price-to-earnings ratio of -0.82 and a beta of 0.48.

About Chariot

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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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