Chariot (LON:CHAR) Hits New 52-Week High – Should You Buy?

Chariot Limited (LON:CHAR)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 3 and last traded at GBX 2.93, with a volume of 52527039 shares trading hands. The stock had previously closed at GBX 2.49.

Chariot Trading Up 17.7%

The company has a current ratio of 0.59, a quick ratio of 3.74 and a debt-to-equity ratio of 0.64. The company has a market capitalization of £84.01 million, a price-to-earnings ratio of -0.80 and a beta of 0.48. The company has a fifty day moving average of GBX 1.58 and a 200-day moving average of GBX 1.53.

Chariot Company Profile

Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.