Chariot Limited Unveils Strategic Shift with Interim Results

Chariot Oil & Gas ( (GB:CHAR) ) has issued an update.

Chariot Limited has announced its unaudited interim results for the first half of 2025, highlighting a strategic shift towards creating two standalone business units: Upstream Oil and Gas and Renewable Power. The company has regained operatorship of offshore Moroccan licenses and is actively pursuing new ventures across the oil and gas value chain. In renewable power, Chariot is advancing projects in South Africa, Zambia, and Zimbabwe, and has secured significant funding for its electricity trading entity, Etana Energy. These developments aim to enhance shareholder value and position Chariot as a key player in both the traditional and renewable energy sectors in Africa.

The most recent analyst rating on (GB:CHAR) stock is a Hold with a £1.50 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’s overall stock score is primarily impacted by its financial performance challenges, including ongoing losses and negative cash flows. While technical analysis suggests some short-term bullish trends, the negative valuation metrics underscore financial difficulties. Strategic improvements are needed for a financial turnaround.

To see Spark’s full report on GB:CHAR stock, click here.

More about Chariot Oil & Gas

Chariot Limited is an Africa-focused energy company that operates in the oil and gas industry, as well as renewable power. The company is involved in upstream oil and gas projects, with a particular focus on Morocco, and is expanding its renewable energy ventures, including electricity trading and renewable generation projects in Africa.

Average Trading Volume: 3,750,362

Technical Sentiment Signal: Sell

Current Market Cap: £32.34M

Learn more about CHAR stock on TipRanks’ Stock Analysis page.