Petro Matad (LON:MATD) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Petro Matad Limited (LON:MATD)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.95 ($0.02) and traded as low as GBX 1.29 ($0.02). Petro Matad shares last traded at GBX 1.33 ($0.02), with a volume of 3,403,679 shares trading hands.

Petro Matad Stock Performance

The stock has a 50-day simple moving average of GBX 1.43 and a two-hundred day simple moving average of GBX 1.95. The firm has a market cap of £24.27 million, a PE ratio of -2.76 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.