Chariot (LON:CHAR) Shares Up 22.1% – Still a Buy?

Shares of Chariot Limited (LON:CHARGet Free Report) traded up 22.1% during trading on Tuesday . The stock traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.71 ($0.02). 6,636,906 shares changed hands during mid-day trading, an increase of 120% from the average session volume of 3,016,065 shares. The stock had previously closed at GBX 1.40 ($0.02).

Chariot Price Performance

The stock’s fifty day moving average price is GBX 1.54 and its two-hundred day moving average price is GBX 2.13. The firm has a market capitalization of £26.07 million, a price-to-earnings ratio of -1.45 and a beta of 0.48. The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00.

About Chariot

(Get Free Report)

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.

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