Petro Matad (LON:MATD) Stock Crosses Above 200-Day Moving Average of $2.64

Petro Matad Limited (LON:MATD – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.64 ($0.03) and traded as high as GBX 5.13 ($0.06). Petro Matad shares last traded at GBX 4.90 ($0.06), with a volume of 3,995,140 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Petro Matad in a report on Monday, December 5th.

Petro Matad Stock Performance

The stock has a market cap of £44.04 million and a P/E ratio of -24.50. The company has a fifty day moving average price of GBX 3.20 and a 200 day moving average price of GBX 2.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 17.93 and a quick ratio of 16.91.

About Petro Matad

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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 Ongi Block V that covers an area of approximately 7,937 square kilometers; and Matad Block XX that consists of an area of approximately 218 square kilometers in Mongolia.