Chariot (LON:CHAR) Trading Down 7.5% – Here’s What Happened

Chariot Limited (LON:CHAR)’s stock price dropped 7.5% on Friday . The company traded as low as GBX 2.30 ($0.03) and last traded at GBX 2.41 ($0.03). Approximately 7,627,171 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 8,200,769 shares. The stock had previously closed at GBX 2.60 ($0.03).

Chariot Stock Down 7.6 %

The company has a market capitalization of £28.34 million, a price-to-earnings ratio of -120.10 and a beta of 0.48. The company has a current ratio of 1.00, a quick ratio of 3.74 and a debt-to-equity ratio of 2.00. The firm’s 50 day simple moving average is GBX 3.33 and its 200-day simple moving average is GBX 6.23.

Insider Buying and Selling

In other Chariot news, insider George F. Canjar purchased 595,379 shares of Chariot stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of GBX 7 ($0.09) per share, with a total value of £41,676.53 ($54,048.15). 17.54% of the stock is currently owned by corporate insiders.

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.