Petro Matad (LON:MATD) Stock Price Passes Below Two Hundred Day Moving Average of $3.59

Shares of Petro Matad Limited (LON:MATDGet Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.59 ($0.04) and traded as low as GBX 2.90 ($0.04). Petro Matad shares last traded at GBX 2.90 ($0.04), with a volume of 485,557 shares changing hands.

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

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 stock has a market capitalization of £26.06 million and a price-to-earnings ratio of -14.50. The business has a 50 day simple moving average of GBX 3.57 and a 200-day simple moving average of GBX 3.59.

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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