Chariot (LON:CHAR) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Chariot Limited (LON:CHAR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.58 and traded as high as GBX 1.65. Chariot shares last traded at GBX 1.47, with a volume of 2,260,568 shares traded.

Chariot Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 1.01 and a quick ratio of 3.74. 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 cap of £22.79 million, a PE ratio of -0.72 and a beta of 0.48.

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.