Chariot Limited (OTCMKTS:OIGLF) Sees Significant Decline in Short Interest

by · The Markets Daily

Chariot Limited (OTCMKTS:OIGLF – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 14,779 shares, a decrease of 85.4% from the May 14th total of 101,443 shares. Based on an average daily trading volume, of 1,301,333 shares, the short-interest ratio is presently 0.0 days.

Chariot Stock Performance

Shares of OTCMKTS:OIGLF remained flat at $0.02 on Wednesday. 2,716,727 shares of the stock traded hands, compared to its average volume of 765,540. The stock’s 50-day moving average is $0.02 and its 200-day moving average is $0.02. Chariot has a 12-month low of $0.00 and a 12-month high of $0.07.

Chariot Company Profile

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Chariot is an independent oil and gas exploration and production company headquartered in London. The company’s principal activities involve the identification, acquisition and appraisal of upstream hydrocarbon assets in frontier and emerging basins. Chariot’s portfolio has historically included interests in North-West Africa, with licences in Morocco’s Tangier and Gharb Basins as well as offshore opportunities in Equatorial Guinea.

Since its founding in 2012, Chariot has focused on creating value through exploration drilling, seismic evaluation and farm-out partnerships with international energy firms.

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