Chariot (LON:CHAR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Chariot Limited (LON:CHAR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.51 and traded as high as GBX 1.72. Chariot shares last traded at GBX 1.72, with a volume of 9,497,776 shares traded.

Chariot Price Performance

The business has a fifty day simple moving average of GBX 1.45 and a 200-day simple moving average of GBX 1.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.74 and a current ratio of 1.70. The stock has a market capitalization of £49.30 million, a P/E ratio of -0.87 and a beta of 0.48.

Insider Buying and Selling at Chariot

In other Chariot news, insider Adonis Pouroulis purchased 145,502,640 shares of Chariot stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of GBX 1 per share, with a total value of £1,455,026.40. Also, insider Andrew R. Hockey purchased 714,285 shares of Chariot stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of GBX 1 per share, with a total value of £7,142.85. In the last quarter, insiders acquired 146,931,209 shares of company stock worth $146,931,209. 6.55% of the stock is owned by company insiders.

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.