Chariot (LON:CHAR) Stock Price Up 5.8% – What’s Next?

Chariot Limited (LON:CHAR)’s stock price rose 5.8% during mid-day trading on Wednesday . The company traded as high as GBX 1.29 and last traded at GBX 1.27. Approximately 63,491,086 shares were traded during trading, an increase of 970% from the average daily volume of 5,936,486 shares. The stock had previously closed at GBX 1.20.

Chariot Stock Performance

The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.74 and a current ratio of 1.70. The firm has a 50-day moving average of GBX 1.40 and a 200-day moving average of GBX 1.57. The firm has a market capitalization of £34.93 million, a P/E ratio of -0.65 and a beta of 0.48.

Insiders Place Their Bets

In other news, insider Andrew R. Hockey bought 714,285 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of GBX 1 per share, with a total value of £7,142.85. Also, insider Duncan Wallace acquired 357,142 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of GBX 1 per share, with a total value of £3,571.42. Insiders have purchased 146,931,209 shares of company stock worth $146,931,209 in the last ninety days. Insiders own 6.55% of the company’s stock.

About Chariot

Chariot is an Africa focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.

Chariot Transitional Gas is focused on high value, low risk gas development projects in Morocco, a fast-growing emerging economy, with a clear route to early monetisation, delivery of free cash flow and material exploration upside.

Chariot Transitional Power is focused on providing competitive, sustainable and reliable energy and water solutions across the continent through building, generating and trading renewable power.