Chariot (LON:CHAR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Chariot Limited (LON:CHARGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.51 and traded as high as GBX 1.59. Chariot shares last traded at GBX 1.50, with a volume of 309,106 shares.

Chariot Stock Up 2.0%

The firm’s fifty day simple moving average is GBX 1.58 and its 200 day simple moving average is GBX 1.51. The company has a current ratio of 0.59, a quick ratio of 3.74 and a debt-to-equity ratio of 0.64. The company has a market cap of £43.87 million, a price-to-earnings ratio of -0.80 and a beta of 0.48.

Chariot Company Profile

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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.

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