Petro Matad (LON:MATD) Share Price Passes Below 200 Day Moving Average of $3.57

Petro Matad Limited (LON:MATDGet Rating)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3.57 ($0.04) and traded as low as GBX 3.03 ($0.04). Petro Matad shares last traded at GBX 3.10 ($0.04), with a volume of 1,715,148 shares.

Separately, Shore Capital reiterated a “house stock” rating on shares of Petro Matad in a research note on Thursday, May 5th.

The company has a market capitalization of £28.31 million and a price-to-earnings ratio of -15.75. The company has a current ratio of 0.82, a quick ratio of 0.43 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is GBX 3.89 and its two-hundred day moving average price is GBX 3.57.

Petro Matad Company Profile (LON:MATD)

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Bogd Block IV and Ongi Block V that covers an area of approximately 50,000 square kilometers; and Matad Block XX that consists of an area of approximately 10,340 square kilometers in Mongolia.

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