Chariot (LON:CHAR) Trading Up 5.3% – Here’s Why

Chariot Limited (LON:CHAR)’s stock price was up 5.3% during trading on Friday . The company traded as high as GBX 2.70 ($0.04) and last traded at GBX 2.60 ($0.03). Approximately 2,819,176 shares traded hands during trading, a decline of 66% from the average daily volume of 8,249,551 shares. The stock had previously closed at GBX 2.47 ($0.03).

Chariot Stock Up 5.1 %

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 firm’s 50-day simple moving average is GBX 3.76 and its two-hundred day simple moving average is GBX 6.46. The stock has a market cap of £30.62 million, a price-to-earnings ratio of -123.75 and a beta of 0.48.

Insiders Place Their Bets

In other news, insider George F. Canjar purchased 595,379 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of GBX 7 ($0.09) per share, for a total transaction of £41,676.53 ($54,111.31). Company insiders own 17.54% of the company’s stock.

Chariot Company Profile

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.