Chariot (LON:CHAR) Trading Up 17% – Should You Buy?

Chariot Limited (LON:CHARGet Free Report) traded up 17% during mid-day trading on Friday . The stock traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 9,108,575 shares traded hands during trading, an increase of 14% from the average session volume of 7,986,739 shares. The stock had previously closed at GBX 1.71 ($0.02).

Chariot Stock Performance

The company has a current ratio of 1.00, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00. The stock’s fifty day simple moving average is GBX 2.10 and its 200 day simple moving average is GBX 5.23. The company has a market cap of £22.37 million, a price-to-earnings ratio of -94.80 and a beta of 0.48.

Insider Activity

In other news, insider Andrew R. Hockey bought 105,386 shares of Chariot stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of GBX 2 ($0.03) per share, with a total value of £2,107.72 ($2,684.65). Company insiders own 17.54% of the company’s stock.

About Chariot

(Get Free Report)

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas, Transactional Power, and Green Hydrogen segments. It holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers.

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