Chariot Oil & Gas (CHAR) Stock Price Up 10%

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Chariot Oil & Gas Limited (LON:CHAR) rose 10% during mid-day trading on Wednesday . The stock traded as high as GBX 2.65 ($0.03) and last traded at GBX 2.43 ($0.03). Approximately 957,075 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 2,660,000 shares. The stock had previously closed at GBX 2.21 ($0.03).

CHAR has been the topic of several research analyst reports. Peel Hunt reaffirmed an “under review” rating on shares of Chariot Oil & Gas in a research report on Tuesday, December 11th. FinnCap reaffirmed a “corporate” rating on shares of Chariot Oil & Gas in a research report on Tuesday, December 11th.

The stock has a market cap of $8.55 million and a PE ratio of -1.46.

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About Chariot Oil & Gas (LON:CHAR)

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)).

Further Reading: What Factors Can Affect Return on Equity?

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