Chariot (LON:CHAR) Stock Price Down 6.4% – Here’s Why

Chariot Limited (LON:CHARGet Free Report)’s share price dropped 6.4% during trading on Thursday . The stock traded as low as GBX 1.88 ($0.02) and last traded at GBX 1.88 ($0.02). Approximately 306,552 shares were traded during trading, a decline of 96% from the average daily volume of 7,696,030 shares. The stock had previously closed at GBX 2.01 ($0.02).

Chariot Stock Performance

The firm has a market cap of £22.42 million, a price-to-earnings ratio of -95.00 and a beta of 0.48. The stock’s fifty day moving average is GBX 2.01 and its two-hundred day moving average is GBX 4.21. The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.00.

Insider Activity

In related news, insider Andrew R. Hockey bought 105,386 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of GBX 2 ($0.02) per share, with a total value of £2,107.72 ($2,618.29). Corporate insiders own 17.54% of the company’s stock.

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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