Chariot (LON:CHAR) Stock Price Up 17% – Here’s Why

Chariot Limited (LON:CHAR)’s stock price shot up 17% on Friday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 9,108,575 shares changed hands during 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 Stock Performance

The stock has a market cap of £23.55 million, a PE ratio of -85.30 and a beta of 0.48. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.00 and a quick ratio of 3.74. The business has a 50 day moving average price of GBX 2.10 and a two-hundred day moving average price of GBX 5.28.

Insider Activity

In other Chariot news, insider Andrew R. Hockey bought 105,386 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of GBX 2 ($0.03) per share, for a total transaction of £2,107.72 ($2,675.45). Insiders own 17.54% of the company’s stock.

Chariot Company Profile

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.