Petro Matad (LON:MATD) Shares Down 38.7%

Petro Matad Limited (LON:MATDGet Free Report) fell 38.7% during trading on Wednesday . The company traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.30 ($0.03). 138,277,438 shares changed hands during trading, an increase of 2,502% from the average session volume of 5,314,334 shares. The stock had previously closed at GBX 3.75 ($0.05).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Petro Matad in a report on Monday, March 4th.

Check Out Our Latest Analysis on Petro Matad

Petro Matad Stock Performance

The stock has a market cap of £25.09 million, a price-to-earnings ratio of -15.50 and a beta of 2.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91 and a current ratio of 28.92. The company’s 50 day simple moving average is GBX 3.50 and its 200 day simple moving average is GBX 3.63.

About Petro Matad

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Petro Matad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petro Matad and related companies with MarketBeat.com's FREE daily email newsletter.