Petro Matad (LON:MATD) Given House Stock Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of Petro Matad (LON:MATD) in a report issued on Thursday morning, Digital Look reports.

Shares of MATD traded down GBX 0.20 ($0.00) during midday trading on Thursday, hitting GBX 4.38 ($0.06). The stock had a trading volume of 2,110,516 shares, compared to its average volume of 6,860,000. The company has a 50 day simple moving average of GBX 6.36 and a two-hundred day simple moving average of GBX 6.26. Petro Matad has a twelve month low of GBX 1.95 ($0.03) and a twelve month high of GBX 10 ($0.13). The firm has a market cap of $28.96 million and a price-to-earnings ratio of -1.82.

About Petro Matad

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. Its properties include production sharing contracts over the Matad Block XX covering an area of 10,340 square kilometers in the far eastern part of Mongolia; and Bogd Block IV and Ongi Block V totaling approximately 50,000 square kilometers located in west central Mongolia.

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