Chariot Oil & Gas (CHAR) Trading Up 10.4%

Chariot Oil & Gas Limited (LON:CHAR) shares were up 10.4% during mid-day trading on Wednesday . The stock traded as high as GBX 4.30 ($0.06) and last traded at GBX 4.30 ($0.06). Approximately 1,337,819 shares were traded during trading, a decline of 50% from the average daily volume of 2,660,000 shares. The stock had previously closed at GBX 3.90 ($0.05).

A number of research analysts have issued reports on the stock. Peel Hunt restated a “hold” rating on shares of Chariot Oil & Gas in a research report on Wednesday, April 10th. FinnCap restated a “corporate” rating on shares of Chariot Oil & Gas in a research report on Wednesday, April 3rd.

The stock has a market cap of $15.79 million and a PE ratio of -2.69.

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About Chariot Oil & Gas (LON:CHAR)

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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