Chariot (LON:CHAR) Stock Crosses Below 200 Day Moving Average – What’s Next?

Chariot Limited (LON:CHAR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1.58 and traded as low as GBX 1.40. Chariot shares last traded at GBX 1.45, with a volume of 2,295,075 shares traded.

Chariot Stock Performance

The company has a quick ratio of 3.74, a current ratio of 1.01 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of £22.91 million, a price-to-earnings ratio of -0.73 and a beta of 0.48. The stock’s 50-day simple moving average is GBX 1.53 and its 200 day simple moving average is GBX 1.58.

Chariot Company Profile

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. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.