Chariot (LON:CHAR) Shares Down 6.4% – Here’s What Happened

Shares of Chariot Limited (LON:CHARGet Free Report) fell 6.4% on Thursday . The company traded as low as GBX 1.88 ($0.02) and last traded at GBX 1.88 ($0.02). 306,552 shares changed hands during trading, a decline of 96% from the average session volume of 7,696,030 shares. The stock had previously closed at GBX 2.01 ($0.03).

Chariot Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 1.00 and a quick ratio of 3.74. The company has a 50-day simple moving average of GBX 2.04 and a 200-day simple moving average of GBX 4.26. The stock has a market cap of £22.20 million, a PE ratio of -94.05 and a beta of 0.48.

Insider Activity

In other news, insider Andrew R. Hockey acquired 105,386 shares of Chariot stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of GBX 2 ($0.03) per share, with a total value of £2,107.72 ($2,637.29). Insiders own 17.54% of the company’s stock.

Chariot Company Profile

(Get Free Report)

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.

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