Petro Matad (LON:MATD) Stock Price Passes Below 200 Day Moving Average of $3.63

Petro Matad Limited (LON:MATD)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.63 ($0.05) and traded as low as GBX 3.54 ($0.04). Petro Matad shares last traded at GBX 3.75 ($0.05), with a volume of 6,295,352 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Petro Matad in a report on Monday, March 4th.

Petro Matad Stock Up 6.2 %

The stock has a market capitalization of £26.64 million, a P/E ratio of -15.50 and a beta of 2.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 28.92 and a quick ratio of 16.91. The stock’s fifty day moving average is GBX 3.47 and its two-hundred day moving average is GBX 3.63.

About Petro Matad

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces 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 218 square kilometers in Mongolia.