Chariot (LON:CHAR) Shares Up 29.2% – Here’s Why

Chariot Limited (LON:CHAR)’s stock price rose 29.2% during mid-day trading on Tuesday . The stock traded as high as GBX 2.30 and last traded at GBX 2.30. Approximately 102,193,938 shares traded hands during trading, an increase of 1,307% from the average daily volume of 7,264,268 shares. The stock had previously closed at GBX 1.78.

Chariot Price Performance

The stock has a 50-day simple moving average of GBX 1.58 and a 200 day simple moving average of GBX 1.53. The stock has a market capitalization of £73.98 million, a P/E ratio of -0.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 0.59.

Chariot Company Profile

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.