Chariot (LON:CHAR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Chariot Limited (LON:CHARGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.57 and traded as low as GBX 1.50. Chariot shares last traded at GBX 1.57, with a volume of 1,084,130 shares trading hands.

Chariot Price Performance

The company has a market capitalization of £23.67 million, a P/E ratio of -0.75 and a beta of 0.48. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.01 and a quick ratio of 3.74. The firm’s 50-day moving average is GBX 1.58 and its 200-day moving average is GBX 1.57.

About Chariot

(Get Free Report)

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. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.

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