Chariot (LON:CHAR) Trading Down 14.7% – Here’s Why

Chariot Limited (LON:CHARGet Free Report)’s share price fell 14.7% on Tuesday . The stock traded as low as GBX 2.72 ($0.04) and last traded at GBX 2.85 ($0.04). 26,423,275 shares changed hands during trading, an increase of 230% from the average session volume of 8,003,602 shares. The stock had previously closed at GBX 3.34 ($0.04).

Chariot Stock Up 0.9 %

The company has a quick ratio of 3.74, a current ratio of 1.00 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of £34.35 million, a PE ratio of -144.25 and a beta of 0.48. The business has a 50-day moving average price of GBX 4.24 and a 200-day moving average price of GBX 6.68.

Insider Buying and Selling at Chariot

In related news, insider George F. Canjar purchased 595,379 shares of Chariot stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of GBX 7 ($0.09) per share, for a total transaction of £41,676.53 ($54,422.21). 17.54% of the stock is owned by company insiders.

About Chariot

(Get Free Report)

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas, Transactional Power, and Green Hydrogen segments. It holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers.

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