Chariot (LON:CHAR) Stock Price Down 5.6% – Should You Sell?

by · The Markets Daily

Chariot Limited (LON:CHAR – Get Free Report)’s stock price was down 5.6% during trading on Friday . The stock traded as low as GBX 1.50 and last traded at GBX 1.50. 2,078,116 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 6,752,835 shares. The stock had previously closed at GBX 1.59.

Chariot Stock Down 5.6%

The firm has a market cap of £43.15 million, a price-to-earnings ratio of -0.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 0.59. The business’s 50-day moving average is GBX 1.55 and its 200-day moving average is GBX 1.51.

About Chariot

(Get Free Report)

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.

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