Petro Matad (LON:MATD) Hits New 12-Month Low – What’s Next?

Shares of Petro Matad Limited (LON:MATD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1.37 ($0.02) and last traded at GBX 1.44 ($0.02), with a volume of 9171559 shares. The stock had previously closed at GBX 1.47 ($0.02).

Analyst Upgrades and Downgrades

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 stock has a market cap of £22.94 million, a PE ratio of -15.50 and a beta of 2.24. The business has a 50-day moving average price of GBX 2.28 and a 200 day moving average price of GBX 2.78.

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.