Chariot (LON:CHAR) Trading Down 6.4% – Should You Sell?

Shares of Chariot Limited (LON:CHAR) dropped 6.4% on Thursday . The company traded as low as GBX 1.88 ($0.02) and last traded at GBX 1.88 ($0.02). Approximately 306,552 shares were traded during trading, a decline of 96% from the average daily volume of 7,696,030 shares. The stock had previously closed at GBX 2.01 ($0.02).

Chariot Stock Up 1.9 %

The stock has a market capitalization of £22.42 million, a price-to-earnings ratio of -95.00 and a beta of 0.48. The company has a quick ratio of 3.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average of GBX 2.01 and a two-hundred day moving average of GBX 4.21.

Insider Transactions at Chariot

In related news, insider Andrew R. Hockey purchased 105,386 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of GBX 2 ($0.02) per share, with a total value of £2,107.72 ($2,618.29). 17.54% of the stock is owned by insiders.

About Chariot

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.