Chariot (LON:CHAR) Stock Price Down 8.9% – Here’s Why

Shares of Chariot Limited (LON:CHAR) traded down 8.9% during mid-day trading on Thursday . The stock traded as low as GBX 1.48 and last traded at GBX 1.48. 9,969,762 shares traded hands during mid-day trading, an increase of 311% from the average session volume of 2,426,012 shares. The stock had previously closed at GBX 1.63.

Chariot Trading Down 6.8%

The stock has a market capitalization of £21.78 million, a P/E ratio of -0.69 and a beta of 0.48. 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 company has a fifty day simple moving average of GBX 1.54 and a two-hundred day simple moving average of GBX 1.58.

Chariot Company Profile

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.