Chariot (LON:CHAR) Insider Sells 10,847,575 Shares of Stock

Chariot Limited (LON:CHAR) insider Duncan Wallace sold 10,847,575 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of GBX 3, for a total value of £325,427.25.

Chariot Stock Performance

Chariot stock traded down GBX 0.16 during mid-day trading on Wednesday, hitting GBX 2.94. 3,766,629 shares of the company’s stock traded hands, compared to its average volume of 9,489,211. The firm has a 50 day simple moving average of GBX 2.60 and a two-hundred day simple moving average of GBX 1.93. Chariot Limited has a fifty-two week low of GBX 1.10 and a fifty-two week high of GBX 3.40. The stock has a market cap of £84.30 million, a price-to-earnings ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 3.74.

About Chariot

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.