Chariot (LON:CHAR) Sets New 52-Week Low – What’s Next?

Chariot Limited (LON:CHARGet Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.26 ($0.02), with a volume of 8392217 shares changing hands. The stock had previously closed at GBX 1.39 ($0.02).

Chariot Trading Down 9.4 %

The company has a current ratio of 1.01, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00. The company has a market cap of £19.04 million, a price-to-earnings ratio of -1.06 and a beta of 0.48. The firm’s 50-day moving average price is GBX 1.72 and its 200 day moving average price is GBX 2.76.

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.

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