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An announcement from Chariot Oil & Gas ( (GB:CHAR) ) is now available.
Chariot Limited has announced the posting of a Circular related to its recent Placing, Subscription, and Open Offer, aimed at raising additional funds. The company successfully raised net proceeds of $5.5 million and plans to raise up to an additional $1 million through an Open Offer to existing shareholders. The funds will be used to enhance the Group’s working capital, supporting its operations in the transitional energy sector. A General Meeting is scheduled for 18 June 2025 to propose related resolutions.
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.
More about Chariot Oil & Gas
Chariot is an Africa-focused transitional energy group with two main business streams: Upstream Oil and Gas and Renewable Power. The company is actively expanding its upstream oil and gas operations in Africa, particularly in Morocco, and is involved in renewable energy projects in South Africa. Chariot is also advancing green hydrogen initiatives, including Project Nour in Mauritania and a pilot project in Morocco.
Average Trading Volume: 3,093,219
Technical Sentiment Signal: Sell
Current Market Cap: £17.9M
Learn more about CHAR stock on TipRanks’ Stock Analysis page.