Petro Matad (LON:MATD) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Petro Matad Limited (LON:MATDGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.07 and traded as low as GBX 0.90. Petro Matad shares last traded at GBX 0.90, with a volume of 7,152,479 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Petro Matad in a research note on Wednesday, November 5th.

View Our Latest Stock Report on Petro Matad

Petro Matad Price Performance

The stock has a market cap of £16.88 million, a price-to-earnings ratio of -1.35 and a beta of 2.24. The stock’s 50 day simple moving average is GBX 1.12 and its two-hundred day simple moving average is GBX 1.07.

About Petro Matad

(Get Free Report)

Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors.

Further Reading

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