Chariot (LON:CHAR) Stock Price Up 29.2% – Time to Buy?

Chariot Limited (LON:CHAR)’s stock price rose 29.2% during trading on Tuesday . The company traded as high as GBX 2.30 and last traded at GBX 2.30. Approximately 102,193,938 shares traded hands during mid-day trading, an increase of 1,307% from the average session volume of 7,264,268 shares. The stock had previously closed at GBX 1.78.

Chariot Stock Up 29.2%

The company has a market cap of £65.95 million, a P/E ratio of -0.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 3.74. The business’s 50 day moving average price is GBX 1.56 and its 200-day moving average price is GBX 1.52.

Chariot Company Profile

Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.