Chariot (LON:CHAR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Chariot Limited (LON:CHAR) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1.56 and traded as low as GBX 1.28. Chariot shares last traded at GBX 1.35, with a volume of 26,048,018 shares trading hands.

Chariot Trading Up 1.3%

The firm has a 50 day moving average price of GBX 1.38 and a two-hundred day moving average price of GBX 1.56. The company has a market cap of £39.21 million, a price-to-earnings ratio of -0.69 and a beta of 0.48. The company has a quick ratio of 3.74, a current ratio of 1.70 and a debt-to-equity ratio of 1.08.

Insiders Place Their Bets

In other Chariot news, insider Adonis Pouroulis bought 145,502,640 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of GBX 1 per share, with a total value of £1,455,026.40. Also, insider Andrew R. Hockey bought 714,285 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of GBX 1 per share, with a total value of £7,142.85. Over the last ninety days, insiders acquired 146,931,209 shares of company stock worth $146,931,209. Company 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.