Chariot (LON:CHAR) Hits New 1-Year High – What’s Next?

Chariot Limited (LON:CHAR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3.30 and last traded at GBX 3.30, with a volume of 22882873 shares changing hands. The stock had previously closed at GBX 3.10.

Chariot Trading Up 6.5%

The stock has a market cap of £94.62 million, a price-to-earnings ratio of -0.80 and a beta of 0.48. The business has a 50-day simple moving average of GBX 1.81 and a two-hundred day simple moving average of GBX 1.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 0.59.

Chariot Company Profile

Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.