Petro Matad Limited (LON:MATD – Get Free Report) shares were up 10% on Wednesday . The company traded as high as GBX 1.65 ($0.02) and last traded at GBX 1.65 ($0.02). Approximately 6,129,614 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 5,620,544 shares. The stock had previously closed at GBX 1.50 ($0.02).
Analysts Set New Price Targets
Separately, Shore Capital reissued a “house stock” rating on shares of Petro Matad in a research report on Thursday, March 13th.
Check Out Our Latest Stock Analysis on MATD
Petro Matad Trading Up 6.0 %
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.
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