Chariot (LON:CHAR) Trading Down 5.6% – What’s Next?

Chariot Limited (LON:CHARGet Free Report) shares fell 5.6% on Friday . The company traded as low as GBX 1.50 and last traded at GBX 1.50. 2,078,116 shares were traded during trading, a decline of 69% from the average daily volume of 6,752,835 shares. The stock had previously closed at GBX 1.59.

Chariot Stock Performance

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 capitalization of £43.15 million, a PE ratio of -0.80 and a beta of 0.48. The firm’s 50-day simple moving average is GBX 1.55 and its 200-day simple moving average is GBX 1.51.

About Chariot

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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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