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Chariot Oil & Gas ( (GB:CHAR) ) has provided an update.
Chariot Limited, a company involved in the oil and gas sector, has announced a block admission for 10,000,000 new ordinary shares as part of its Share Award Scheme. This move is expected to take effect on 15 July 2025, and the new shares will have equal standing with the existing ordinary shares. The company’s current issued share capital consists of 1,577,477,983 ordinary shares with voting rights.
The most recent analyst rating on (GB:CHAR) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.
Spark’s Take on GB:CHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:CHAR is a Neutral.
Chariot Oil & Gas faces serious financial challenges with ongoing losses and cash flow issues, heavily impacting its overall score. The company’s strategic initiatives in corporate events and moderate technical indicators provide some positive outlook, but financial instability remains a major concern.
To see Spark’s full report on GB:CHAR stock, click here.
More about Chariot Oil & Gas
Average Trading Volume: 3,054,120
Technical Sentiment Signal: Sell
Current Market Cap: £23.98M
For detailed information about CHAR stock, go to TipRanks’ Stock Analysis page.