Chariot (LON:CHAR) Trading Down 8.9% – Should You Sell?

Chariot Limited (LON:CHAR) dropped 8.9% during mid-day trading on Thursday . The company traded as low as GBX 1.48 and last traded at GBX 1.48. Approximately 9,969,762 shares traded hands during trading, an increase of 311% from the average daily volume of 2,426,012 shares. The stock had previously closed at GBX 1.63.

Chariot Price Performance

The company has a market capitalization of £23.36 million, a price-to-earnings ratio of -0.74 and a beta of 0.48. The company has a fifty day simple moving average of GBX 1.54 and a two-hundred day simple moving average of GBX 1.58. The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.01.

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. 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.