Petro Matad (LON:MATD) Earns “House Stock” Rating from Shore Capital

Petro Matad (LON:MATD)‘s stock had its “house stock” rating reissued by investment analysts at Shore Capital in a report issued on Wednesday, Marketbeat reports.

Petro Matad Stock Up 0.7%

Shares of LON:MATD opened at GBX 0.76 on Wednesday. The stock has a market cap of £13.98 million, a PE ratio of -95.00 and a beta of 2.24. The company’s fifty day moving average is GBX 0.80 and its 200 day moving average is GBX 1.32. Petro Matad has a 52 week low of GBX 0.65 and a 52 week high of GBX 2.90.

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.