Petro Matad (LON:MATD) Stock Crosses Below 200-Day Moving Average – What’s Next?

Petro Matad Limited (LON:MATDGet Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.01 and traded as low as GBX 0.95. Petro Matad shares last traded at GBX 1.03, with a volume of 9,988,023 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on Petro Matad

Petro Matad Stock Down 7.8%

The stock has a market cap of £17.47 million, a price-to-earnings ratio of -1.40 and a beta of 2.24. The company has a 50 day simple moving average of GBX 1.09 and a 200 day simple moving average of GBX 1.01.

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.

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