Chariot (LON:CHAR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Chariot Limited (LON:CHARGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1.52 and traded as high as GBX 1.62. Chariot shares last traded at GBX 1.57, with a volume of 588,560 shares trading hands.

Chariot Trading Up 1.6%

The company has a quick ratio of 3.74, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of £45.14 million, a price-to-earnings ratio of -0.80 and a beta of 0.48. The firm has a 50 day moving average price of GBX 1.62 and a two-hundred day moving average price of GBX 1.52.

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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