Chariot (LON:CHAR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Chariot Limited (LON:CHAR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1.58 and traded as high as GBX 1.65. Chariot shares last traded at GBX 1.47, with a volume of 2,260,568 shares trading hands.

Chariot Stock Performance

The company has a quick ratio of 3.74, a current ratio of 1.01 and a debt-to-equity ratio of 2.00. The business has a 50 day simple moving average of GBX 1.53 and a 200 day simple moving average of GBX 1.58. The company has a market capitalization of £23.36 million, a PE ratio of -0.74 and a beta of 0.48.

About Chariot

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. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.