Petro Matad (LON:MATD) Reaches New 1-Year Low – Here’s Why

Petro Matad Limited (LON:MATD)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.35 ($0.02), with a volume of 4656443 shares. The stock had previously closed at GBX 1.40 ($0.02).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Petro Matad in a research report on Thursday, August 22nd.

Petro Matad Trading Up 9.5 %

The stock has a market cap of £22.20 million, a PE ratio of -15.50 and a beta of 2.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91 and a current ratio of 10.02. The company’s 50-day moving average price is GBX 2.12 and its 200 day moving average price is GBX 2.68.

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.