Chariot (LON:CHAR) Reaches New 1-Year Low – Should You Sell?

Chariot Limited (LON:CHAR) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1.23 and last traded at GBX 1.24, with a volume of 19533404 shares changing hands. The stock had previously closed at GBX 1.27.

Chariot Trading Down 3.0%

The company has a market cap of £33.73 million, a PE ratio of -0.62 and a beta of 0.48. The company’s 50 day simple moving average is GBX 1.42 and its two-hundred day simple moving average is GBX 1.58. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.70 and a quick ratio of 3.74.

Insider Activity at Chariot

In related news, insider Andrew R. Hockey acquired 714,285 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of GBX 1 per share, with a total value of £7,142.85. Also, insider Duncan Wallace bought 357,142 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of GBX 1 per share, with a total value of £3,571.42. Over the last 90 days, insiders bought 146,931,209 shares of company stock worth $146,931,209. Company insiders own 6.55% of the company’s stock.

Chariot Company Profile

Chariot is an Africa focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.

Chariot Transitional Gas is focused on high value, low risk gas development projects in Morocco, a fast-growing emerging economy, with a clear route to early monetisation, delivery of free cash flow and material exploration upside.

Chariot Transitional Power is focused on providing competitive, sustainable and reliable energy and water solutions across the continent through building, generating and trading renewable power.