Chariot Limited (LON:CHAR – Get Free Report)’s share price shot up 0.7% during mid-day trading on Wednesday. The company traded as high as GBX 2.90 and last traded at GBX 2.90. 2,205,209 shares were traded during trading, a decline of 76% from the average session volume of 9,244,842 shares. The stock had previously closed at GBX 2.88.
Chariot Trading Up 0.7%
The company has a market cap of £87.76 million, a price-to-earnings ratio of 1.46 and a beta of 0.48. The company has a current ratio of 3.12, a quick ratio of 3.74 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is GBX 3.03 and its 200 day moving average price is GBX 1.90.
Insider Activity at Chariot
In other news, insider Duncan Wallace sold 10,847,575 shares of the company’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of GBX 3, for a total transaction of £325,427.25. Also, insider Adonis Pouroulis sold 14,280,450 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of GBX 3, for a total transaction of £428,413.50. Over the last three months, insiders have sold 38,666,493 shares of company stock valued at $115,999,479. Company insiders own 11.36% of the company’s stock.
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.
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