Petro Matad (LON:MATD) Trading 7.7% higher

Shares of Petro Matad Limited ( LON:MATD – Get Free Report ) rose 7.7% during trading on Tuesday . The stock traded as high as GBX 2.45 ($0.03) and last traded at GBX 2.45 ($0.03). About 10,990,052 shares traded hands during trading, down 9% from the average daily volume of 12,082,570 shares. Shares previously closed at GBX 2.28 ($0.03).

Analyst upgrades and downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Petro Matad in a report on Thursday, August 22nd.

Check out our latest review of MATD

Petro Matad trading down 2.6%

The company has a fifty day moving average of GBX 2.74 and a 200 day moving average of GBX 3.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91, and a current ratio of 13.92. The company has a market cap of 33.89 million pounds, a P/E ratio of -15.50 and a beta of 2.24.

About Petro Matad

(Get a free report)

Petro Matad Limited, together with its subsidiaries, is engaged in the exploration, development and production of petroleum in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V covering an area of ​​approximately 7,937 square kilometers; and Matad Block XX, which consists of an area of ​​approximately 214 square kilometers in Mongolia.

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