Chariot Oil & Gas (CHAR) Receives Buy Rating from Peel Hunt
Separately, FinnCap restated a corporate rating and set a GBX 35 ($0.47) target price on shares of Chariot Oil & Gas in a research report on Wednesday, December 13th.
Shares of Chariot Oil & Gas (LON CHAR) traded up GBX 0.85 ($0.01) on Monday, reaching GBX 22.95 ($0.31). 5,020,000 shares of the company’s stock were exchanged, compared to its average volume of 1,170,000. The firm has a market capitalization of $61.72 and a PE ratio of -153.00. Chariot Oil & Gas has a one year low of GBX 7.76 ($0.11) and a one year high of GBX 23.88 ($0.32).
Chariot Oil & Gas Limited is an oil and gas exploration company. The Company has two reportable segments: exploration for oil and gas, and corporate costs. The Company has interests in approximately two licenses offshore Morocco; Rabat Deep (approximately 50% (operator), 25% Woodside, 25% Office National des Hydrocarbures et des Mines (ONHYM) (carried interest), and Mohammedia (approximately 75% Chariot (operator), 25% ONHYM (carried interest)).
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