Petro Matad (LON:MATD) Sets New 52-Week Low – Here’s Why

Shares of Petro Matad Limited (LON:MATD) reached a new 52-week low on Thursday . The company traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.68 ($0.02), with a volume of 83120367 shares changing hands. The stock had previously closed at GBX 2.50 ($0.03).

Analyst Upgrades and Downgrades

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

Petro Matad Stock Performance

The business’s fifty day moving average price is GBX 2.35 and its two-hundred day moving average price is GBX 2.83. 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 stock has a market capitalization of £23.68 million, a P/E ratio of -15.50 and a beta of 2.24.

Petro Matad Company Profile

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.