Chariot (LON:CHAR) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Chariot Limited (LON:CHAR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.51 and traded as high as GBX 1.72. Chariot shares last traded at GBX 1.72, with a volume of 9,497,776 shares changing hands.

Chariot Price Performance

The stock has a fifty day moving average of GBX 1.46 and a 200-day moving average of GBX 1.51. 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 firm has a market capitalization of £47.86 million, a P/E ratio of -0.84 and a beta of 0.48.

Insiders Place Their Bets

In other Chariot news, insider Duncan Wallace purchased 357,142 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of GBX 1 per share, with a total value of £3,571.42. Also, insider Julian Maurice- Williams purchased 357,142 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of GBX 1 per share, with a total value of £3,571.42. Over the last ninety days, insiders acquired 146,931,209 shares of company stock valued at $146,931,209. 6.55% of the stock is owned by corporate insiders.

Chariot Company Profile

Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.