Chariot (LON:CHAR) Trading Up 17% – Should You Buy?

Shares of Chariot Limited (LON:CHAR) traded up 17% during trading on Friday . The stock traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 9,108,575 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 7,986,739 shares. The stock had previously closed at GBX 1.71 ($0.02).

Chariot Price Performance

The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.74 and a current ratio of 1.00. The stock’s 50-day moving average is GBX 2.10 and its two-hundred day moving average is GBX 5.23. The stock has a market cap of £22.37 million, a PE ratio of -94.80 and a beta of 0.48.

Insider Transactions at Chariot

In other Chariot news, insider Andrew R. Hockey acquired 105,386 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £2,107.72 ($2,684.65). Company insiders own 17.54% of the company’s stock.

About Chariot

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.