Chariot (LON:CHAR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Chariot Limited (LON:CHARGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1.58 and traded as low as GBX 1.40. Chariot shares last traded at GBX 1.45, with a volume of 2,295,075 shares traded.

Chariot Price Performance

The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.01. The company has a 50-day moving average price of GBX 1.53 and a 200-day moving average price of GBX 1.58. The firm has a market capitalization of £22.91 million, a P/E ratio of -0.73 and a beta of 0.48.

About Chariot

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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.

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