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

Petro Matad (LON:MATD)‘s stock had its “house stock” rating reaffirmed by Shore Capital in a report released on Thursday, Marketbeat Ratings reports.

Petro Matad Stock Down 7.0%

Shares of LON:MATD opened at GBX 1 on Thursday. The company has a market cap of £18.39 million, a price-to-earnings ratio of -125.00 and a beta of 2.24. Petro Matad has a fifty-two week low of GBX 0.65 and a fifty-two week high of GBX 2.75. The firm’s 50-day simple moving average is GBX 0.81 and its 200-day simple moving average is GBX 1.25.

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.