Chariot (LON:CHAR) Stock Price Up 1.7% – Time to Buy?

Chariot Limited (LON:CHAR)’s stock price was up 1.7% during trading on Thursday . The stock traded as high as GBX 1.38 and last traded at GBX 1.37. Approximately 4,645,681 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 6,534,363 shares. The stock had previously closed at GBX 1.35.

Chariot Stock Performance

The company has a market capitalization of £39.84 million, a PE ratio of -0.70 and a beta of 0.48. The business’s 50-day moving average is GBX 1.38 and its 200-day moving average is GBX 1.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.74 and a current ratio of 1.70.

Insider Buying and Selling at Chariot

In other Chariot news, insider Adonis Pouroulis purchased 145,502,640 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of GBX 1 per share, with a total value of £1,455,026.40. Also, insider Julian Maurice- Williams purchased 357,142 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of GBX 1 per share, with a total value of £3,571.42. In the last 90 days, insiders purchased 146,931,209 shares of company stock valued at $146,931,209. Insiders own 6.55% of the company’s stock.

About Chariot

Chariot is an Africa focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.

Chariot Transitional Gas is focused on high value, low risk gas development projects in Morocco, a fast-growing emerging economy, with a clear route to early monetisation, delivery of free cash flow and material exploration upside.

Chariot Transitional Power is focused on providing competitive, sustainable and reliable energy and water solutions across the continent through building, generating and trading renewable power.