Chariot (LON:CHAR) Shares Down 10.8% – What’s Next?

Chariot Limited (LON:CHARGet Free Report) shares dropped 10.8% during mid-day trading on Tuesday . The company traded as low as GBX 2.61 ($0.03) and last traded at GBX 2.77 ($0.04). Approximately 10,437,725 shares traded hands during trading, an increase of 26% from the average daily volume of 8,258,491 shares. The stock had previously closed at GBX 3.11 ($0.04).

Chariot Price Performance

The company’s 50 day moving average price is GBX 3.84 and its 200 day moving average price is GBX 6.48. The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.00. The company has a market cap of £29.21 million, a price-to-earnings ratio of -123.75 and a beta of 0.48.

Insider Activity at Chariot

In other news, insider George F. Canjar bought 595,379 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £41,676.53 ($54,111.31). 17.54% of the stock is owned by insiders.

About Chariot

(Get Free Report)

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas, Transactional Power, and Green Hydrogen segments. It holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers.

Recommended Stories

Receive News & Ratings for Chariot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chariot and related companies with MarketBeat.com's FREE daily email newsletter.