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Chariot Oil & Gas Limited 233.3% Potential Upside Indicated by finnCap

Chariot Oil & Gas Limited using EPIC/TICKER code LON:CHAR had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘CORPORATE’ this morning by analysts at finnCap. Chariot Oil & Gas Limited are listed in the Oil & Gas sector within AIM. finnCap have set their target price at 35 GBX on its stock. This would imply the analyst believes there is now a potential upside of 233.3% from today’s opening price of 10.5 GBX. Over the last 30 and 90 trading days the company share price has increased 2.24 points and increased 2.5 points respectively.

 
Chariot Oil & Gas Limited LON:CHAR has a 50 day moving average of 9.15 GBX and a 200 day moving average of 7.97 GBX. The 1 year high share price is 11.88 GBX while the 52 week low is 4.75 GBX. There are currently 267,727,229 shares in issue with the average daily volume traded being 1,022,102. Market capitalisation for LON:CHAR is £27,944,030 GBP.

 

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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