Chariot (LON:CHAR) Stock Price Up 0.7% – Still a Buy?

Chariot Limited (LON:CHAR)’s stock price was up 0.7% during mid-day trading on Wednesday. The company traded as high as GBX 2.90 and last traded at GBX 2.90. 2,205,209 shares changed hands during trading, a decline of 76% from the average daily volume of 9,244,842 shares. The stock had previously closed at GBX 2.88.

Chariot Price Performance

The business has a fifty day moving average of GBX 3.04 and a 200-day moving average of GBX 1.91. The firm has a market cap of £87.45 million, a PE ratio of 1.45 and a beta of 0.48. The company has a current ratio of 3.12, a quick ratio of 3.74 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other news, insider Adonis Pouroulis sold 14,280,450 shares of the company’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of GBX 3, for a total transaction of £428,413.50. Also, insider Julian Maurice- Williams sold 11,803,751 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of GBX 3, for a total transaction of £354,112.53. In the last ninety days, insiders have sold 38,666,493 shares of company stock valued at $115,999,479. Corporate insiders own 11.36% of the company’s stock.

About Chariot

Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power. Chariot’s Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia. Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent.