Petro Matad (LON:MATD) Given House Stock Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of Petro Matad (LON:MATD) in a research report report published on Thursday morning, Marketbeat.com reports.

Petro Matad Price Performance

LON MATD opened at GBX 1.38 ($0.02) on Thursday. The firm has a market capitalization of £25.53 million, a price-to-earnings ratio of -2.91 and a beta of 2.24. The company has a 50 day simple moving average of GBX 1.69 and a 200-day simple moving average of GBX 1.59. Petro Matad has a 52-week low of GBX 1.15 ($0.02) and a 52-week high of GBX 3.50 ($0.05).

About Petro Matad

Petro Matad Limited, together with its subsidiaries, engages in the exploration, development, and production of 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 214 square kilometers in Mongolia.