Duncan Wallace Acquires 357,142 Shares of Chariot (LON:CHAR) Stock

Key Points

  • Insider purchase: Adonis Pouroulis bought 145,502,640 Chariot shares on March 12 at GBX 1 each, a total of £1,455,026.40.
  • Shares opened at GBX 1.33, trading below the 50-day (GBX 1.49) and 200-day (GBX 1.59) averages; the company has a market cap of £36.4m and a negative P/E of -0.67.
  • Business profile: Chariot is an African-focused transitional energy group with two streams: Transitional Gas (offshore Morocco gas development) and Transitional Power (cleaner power solutions for mining in Africa).

Chariot Limited (LON:CHAR - Get Free Report) insider Duncan Wallace bought 357,142 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of GBX 1 per share, with a total value of £3,571.42.

Chariot Stock Performance

CHAR opened at GBX 1.33 on Friday. 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 £36.40 million, a price-to-earnings ratio of -0.67 and a beta of 0.48. The company has a fifty day moving average of GBX 1.49 and a 200 day moving average of GBX 1.59. Chariot Limited has a fifty-two week low of GBX 1.18 and a fifty-two week high of GBX 2.25.

Chariot Company Profile

(Get Free Report)

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Transitional Power. Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.

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