Chariot (LON:CHAR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Chariot Limited (LON:CHAR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1.54 and traded as high as GBX 1.61. Chariot shares last traded at GBX 1.57, with a volume of 12,862,560 shares trading hands.

Chariot Stock Performance

The company has a quick ratio of 3.74, a current ratio of 1.70 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of £45.00 million, a PE ratio of -0.79 and a beta of 0.48. The firm has a 50 day moving average price of GBX 1.39 and a 200-day moving average price of GBX 1.54.

Insider Buying and Selling at Chariot

In other Chariot news, insider Julian Maurice- Williams acquired 357,142 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £3,571.42. Also, insider Adonis Pouroulis acquired 145,502,640 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £1,455,026.40. Insiders have purchased a total of 146,931,209 shares of company stock worth $146,931,209 in the last 90 days. Corporate insiders own 6.55% of the company’s stock.

Chariot Company Profile

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.