Chariot Oil & Gas (CHAR) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Chariot Oil & Gas (LON:CHAR) in a research report sent to investors on Monday morning. They currently have a GBX 20 ($0.27) price objective on the stock.

Separately, FinnCap reiterated a corporate rating and issued a GBX 35 ($0.47) price objective on shares of Chariot Oil & Gas in a research note on Wednesday, September 13th.

Shares of Chariot Oil & Gas (CHAR) traded up GBX 0.85 ($0.01) during trading hours on Monday, hitting GBX 22.95 ($0.31). 5,020,000 shares of the stock traded hands, compared to its average volume of 1,170,000. The stock has a market capitalization of $61.72 and a P/E ratio of -153.00. Chariot Oil & Gas has a 1-year low of GBX 7.76 ($0.11) and a 1-year high of GBX 23.88 ($0.32).

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Chariot Oil & Gas Company Profile

Chariot Oil & Gas Limited is an oil and gas exploration company. The Company has two reportable segments: exploration for oil and gas, and corporate costs. The Company has interests in approximately two licenses offshore Morocco; Rabat Deep (approximately 50% (operator), 25% Woodside, 25% Office National des Hydrocarbures et des Mines (ONHYM) (carried interest), and Mohammedia (approximately 75% Chariot (operator), 25% ONHYM (carried interest)).

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