Short Interest in Chariot Limited (OTCMKTS:OIGLF) Increases By 3,736.0%

Chariot Limited (OTCMKTS:OIGLF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,985,048 shares, a growth of 3,736.0% from the June 15th total of 51,748 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,675,014 shares, the short-interest ratio is currently 1.2 days.

Chariot Stock Performance

OIGLF remained flat at $0.03 during trading on Friday. The company’s stock had a trading volume of 1,000,000 shares, compared to its average volume of 779,802. Chariot has a 52 week low of $0.00 and a 52 week high of $0.07. The stock has a market cap of $94.62 million and a PE ratio of -0.02. The business has a fifty day simple moving average of $0.02 and a 200 day simple moving average of $0.02.

About Chariot

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.