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An announcement from Chariot Oil & Gas ( (GB:CHAR) ) is now available.
Chariot Limited announced the issuance of new ordinary shares to its directors as part of a fundraising initiative. This move increases the shareholding of key directors, including CEO Adonis Pouroulis and CFO Julian Maurice-Williams, indicating a strategic effort to strengthen the company’s financial position and support its growth in the transitional energy sector.
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 Limited is an Africa-focused transitional energy group with two main business streams: Upstream Oil and Gas and Renewable Power. The company is working on expanding its upstream oil and gas operations in Africa, particularly in Morocco, while also advancing renewable energy projects such as power-to-mining and water projects, and green hydrogen initiatives in Mauritania and Morocco.
Average Trading Volume: 3,010,656
Technical Sentiment Signal: Sell
Current Market Cap: £17.68M
For a thorough assessment of CHAR stock, go to TipRanks’ Stock Analysis page.