Chariot (LON:CHAR) Trading Down 8.9% – Should You Sell?

Shares of Chariot Limited (LON:CHAR) fell 8.9% on Thursday . The stock traded as low as GBX 1.48 and last traded at GBX 1.48. 9,969,762 shares were traded during 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 Stock 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 firm has a market cap of £23.36 million, a price-to-earnings ratio of -0.74 and a beta of 0.48. The stock’s fifty day moving average is GBX 1.54 and its two-hundred day moving average is 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.