Chariot Oil & Gas (LON:CHAR) Stock Price Crosses Below Two Hundred Day Moving Average of $4.18
Chariot Oil & Gas Limited (LON:CHAR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.18 and traded as low as $3.60. Chariot Oil & Gas shares last traded at $3.80, with a volume of 799,512 shares trading hands.
Several research firms recently weighed in on CHAR. Peel Hunt reissued an “add” rating and set a GBX 7 ($0.09) price target on shares of Chariot Oil & Gas in a research report on Wednesday, September 18th. Peel Hunt reissued an “add” rating on shares of Chariot Oil & Gas in a research report on Wednesday, September 25th. Finally, FinnCap reissued a “corporate” rating on shares of Chariot Oil & Gas in a research report on Wednesday, September 25th.
The business has a 50 day simple moving average of GBX 3.82 and a 200 day simple moving average of GBX 4.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 7.42 and a quick ratio of 7.14. The stock has a market cap of $13.22 million and a PE ratio of -0.95.
Chariot Oil & Gas Limited is an oil and gas exploration company. The Company has two reportable segments: exploration for oil and gas, and corporate costs. The Company has interests in approximately two licenses offshore Morocco; Rabat Deep (approximately 50% (operator), 25% Woodside, 25% Office National des Hydrocarbures et des Mines (ONHYM) (carried interest), and Mohammedia (approximately 75% Chariot (operator), 25% ONHYM (carried interest)).
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