Chariot (LON:CHAR) Sets New 12-Month Low – Here’s Why

Chariot Limited (LON:CHAR)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.26 ($0.02), with a volume of 8392217 shares traded. The stock had previously closed at GBX 1.39 ($0.02).

Chariot Stock Performance

The business’s 50-day moving average is GBX 1.72 and its 200 day moving average is GBX 2.76. The company has a market cap of £19.04 million, a PE ratio of -1.06 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 1.01.

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.