Chariot (LON:CHAR) Stock Passes Above 200 Day Moving Average – Here’s Why

Chariot Limited (LON:CHAR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1.58 and traded as high as GBX 1.65. Chariot shares last traded at GBX 1.42, with a volume of 725,219 shares changing hands.

Chariot Stock Performance

The stock has a market capitalization of £24.07 million, a price-to-earnings ratio of -0.76 and a beta of 0.48. The company’s 50-day simple moving average is GBX 1.53 and its 200-day simple moving average is GBX 1.58. The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00.

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.