Chariot (LON:CHAR) Hits New 1-Year High – What’s Next?

Chariot Limited (LON:CHAR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 3.30 and last traded at GBX 3.30, with a volume of 22882873 shares trading hands. The stock had previously closed at GBX 3.10.

Chariot Price Performance

The company has a quick ratio of 3.74, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of £94.62 million, a price-to-earnings ratio of -0.80 and a beta of 0.48. The company’s 50 day moving average is GBX 1.81 and its 200 day moving average is GBX 1.62.

About Chariot

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.