Petro Matad (LON:MATD) Stock Rating Reaffirmed by Shore Capital

Petro Matad (LON:MATDGet Rating)‘s stock had its “house stock” rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday, MarketBeat reports.

Petro Matad Stock Performance

Shares of LON MATD opened at GBX 2.04 ($0.02) on Thursday. The company’s fifty day moving average price is GBX 2.49 and its 200 day moving average price is GBX 3.08. Petro Matad has a 1 year low of GBX 1.92 ($0.02) and a 1 year high of GBX 5.10 ($0.06). The company has a market capitalization of £18.29 million and a PE ratio of -10.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.83 and a current ratio of 22.88.

Petro Matad Company Profile

(Get Rating)

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.

Further Reading

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