Petro Matad (LON:MATD) Sets New 12-Month Low – Here’s What Happened

Petro Matad Limited (LON:MATD)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.45 ($0.02), with a volume of 5662932 shares changing hands. The stock had previously closed at GBX 1.50 ($0.02).

Analyst Ratings Changes

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

Petro Matad Price Performance

The company has a current ratio of 10.02, a quick ratio of 16.91 and a debt-to-equity ratio of 0.03. The company has a market capitalization of £21.46 million, a P/E ratio of -15.50 and a beta of 2.24. The business’s fifty day moving average price is GBX 2.23 and its 200-day moving average price is GBX 2.74.

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.