Chariot (LON:CHAR) Trading Down 0.7% – Here’s What Happened

Chariot Limited (LON:CHAR)’s share price was down 0.7% during trading on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.44 ($0.02). Approximately 115,318 shares traded 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 Price Performance

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 business’s 50-day simple moving average is GBX 1.48 and its two-hundred day simple moving average is GBX 1.81. The firm has a market cap of £24.15 million, a price-to-earnings ratio of -1.35 and a beta of 0.48.

Chariot Company Profile

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.