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Chariot Oil & Gas ( (GB:CHAR) ) has provided an update.
Chariot Limited announced the successful result of its oversubscribed Open Offer, raising approximately US$1 million in gross proceeds. The funds raised will support the company’s plans across its Upstream and Renewable Power businesses. The issuance of the Open Offer Shares is contingent upon the passing of resolutions at the upcoming General Meeting. This fundraising effort is part of a larger initiative that has raised a total of US$7.1 million, reflecting strong shareholder support and positioning Chariot to advance its energy projects in Africa.
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 core business streams: Upstream Oil and Gas and Renewable Power. The company is building a full-value chain upstream growth business within Africa, with a diverse footprint in Morocco and a focus on oil and gas opportunities. Chariot is also advancing renewable energy projects in South Africa and green hydrogen projects in Mauritania and Morocco.
Average Trading Volume: 3,121,527
Technical Sentiment Signal: Sell
Current Market Cap: £17.48M
Learn more about CHAR stock on TipRanks’ Stock Analysis page.