Chariot (LON:CHAR) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Chariot shares crossed above its 200‑day moving average, trading as high as GBX 1.75 vs a 200‑day MA of GBX 1.52 on Tuesday, with about 15.7 million shares changing hands.
• Significant insider buying: Duncan Wallace and Julian Maurice‑Williams each acquired 357,142 shares at GBX 1 on March 12; insiders have purchased 146,931,209 shares in the last 90 days and now own 6.55% of the company.
• Company fundamentals: market cap £50.16 million and a negative P/E of -0.88 (loss‑making), with liquidity and leverage metrics of current ratio 1.70, quick ratio 3.74 and debt‑to‑equity 1.08; Chariot focuses on upstream oil & gas and renewable power in Africa.

Shares of Chariot Limited (LON:CHAR - ) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1.52 and traded as high as GBX 1.75. Chariot shares last traded at GBX 1.75, with a volume of 15,697,975 shares trading hands.

Chariot Stock Performance

The company's 50-day moving average is GBX 1.42 and its 200 day moving average is GBX 1.52. The company has a current ratio of 1.70, a quick ratio of 3.74 and a debt-to-equity ratio of 1.08. The firm has a market cap of £50.16 million, a PE ratio of -0.88 and a beta of 0.48.

Insider Activity

In other news, insider Duncan Wallace acquired 357,142 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of GBX 1 per share, with a total value of £3,571.42. Also, insider Julian Maurice- Williams acquired 357,142 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of GBX 1 per share, with a total value of £3,571.42. Over the last 90 days, insiders bought 146,931,209 shares of company stock worth $146,931,209. Company insiders own 6.55% of the company's stock.

Chariot Company Profile

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.

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