Chariot (LON:CHAR) Stock Price Up 17% – Here’s Why

Chariot Limited (LON:CHAR)’s stock price rose 17% on Friday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). Approximately 9,108,575 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 7,986,739 shares. The stock had previously closed at GBX 1.71 ($0.02).

Chariot Stock Up 17.0 %

The stock has a 50 day moving average of GBX 2.10 and a 200-day moving average of GBX 5.28. The firm has a market capitalization of £23.55 million, a P/E ratio of -85.30 and a beta of 0.48. The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.00.

Insider Activity at Chariot

In related news, insider Andrew R. Hockey purchased 105,386 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £2,107.72 ($2,675.45). 17.54% of the stock is currently owned by company insiders.

About Chariot

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas, Transactional Power, and Green Hydrogen segments. It holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers.