Chariot (LON:CHAR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Chariot Limited (LON:CHAR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Chariot Trading Down 3.2%

The business has a fifty day moving average of GBX 1.39 and a 200-day moving average of GBX 1.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.74 and a current ratio of 1.70. The company has a market capitalization of £43.56 million, a P/E ratio of -0.77 and a beta of 0.48.

Insider Buying and Selling

In related news, insider Duncan Wallace acquired 357,142 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £3,571.42. Also, insider Andrew R. Hockey acquired 714,285 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £7,142.85. Insiders have acquired a total of 146,931,209 shares of company stock valued at $146,931,209 in the last 90 days. 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.