Chariot (LON:CHAR) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Chariot Limited (LON:CHAR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.58 and traded as low as GBX 1.54. Chariot shares last traded at GBX 1.54, with a volume of 3,116,500 shares traded.

Chariot Trading Down 2.8%

The company’s 50 day simple moving average is GBX 1.55 and its two-hundred day simple moving average is GBX 1.58. The company has a quick ratio of 3.74, a current ratio of 1.01 and a debt-to-equity ratio of 2.00. The company has a market capitalization of £24.41 million, a price-to-earnings ratio of -0.78 and a beta of 0.48.

Chariot Company Profile

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. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.