Chariot Oil & Gas’ (CHAR) Add Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their add rating on shares of Chariot Oil & Gas (LON:CHAR) in a report released on Wednesday, Digital Look reports. They currently have a GBX 7 ($0.09) target price on the stock.

Separately, FinnCap reaffirmed a corporate rating on shares of Chariot Oil & Gas in a research report on Wednesday.

Shares of CHAR opened at GBX 3.68 ($0.05) on Wednesday. The company’s 50 day moving average price is GBX 3.85 and its 200 day moving average price is GBX 3.99. Chariot Oil & Gas has a 52 week low of GBX 2.05 ($0.03) and a 52 week high of GBX 9 ($0.12). The company has a market capitalization of $13.50 million and a PE ratio of -0.84.

About Chariot Oil & Gas

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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