Chariot (LON:CHAR) Trading 14.1% Higher – Here’s Why

Shares of Chariot Limited (LON:CHAR) shot up 14.1% during mid-day trading on Monday . The stock traded as high as GBX 1.73 ($0.02) and last traded at GBX 1.60 ($0.02). 875,518 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 3,016,918 shares. The stock had previously closed at GBX 1.40 ($0.02).

Chariot Stock Up 2.0%

The company has a quick ratio of 3.74, a current ratio of 1.01 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of £21.82 million, a P/E ratio of -1.22 and a beta of 0.48. The company has a fifty day moving average price of GBX 1.46 and a 200-day moving average price of GBX 1.59.

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.