Chariot (LON:CHAR) Stock Price Down 10.8% – Here’s What Happened

Chariot Limited (LON:CHARGet Free Report) was down 10.8% during trading on Friday . The company traded as low as GBX 2.75 and last traded at GBX 2.90. Approximately 22,824,477 shares traded hands during trading, an increase of 169% from the average daily volume of 8,487,888 shares. The stock had previously closed at GBX 3.25.

Chariot Price Performance

The stock has a fifty day moving average of GBX 1.91 and a two-hundred day moving average of GBX 1.66. 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 stock has a market capitalization of £83.15 million, a price-to-earnings ratio of -0.80 and a beta of 0.48.

About Chariot

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Chariot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chariot and related companies with MarketBeat.com's FREE daily email newsletter.