Petro Matad’s (MATD) “House Stock” Rating Reiterated at Shore Capital

Shore Capital restated their house stock rating on shares of Petro Matad (LON:MATD) in a research note published on Friday, Marketbeat reports.

Petro Matad Stock Performance

LON:MATD opened at GBX 1.65 ($0.02) on Friday. Petro Matad has a fifty-two week low of GBX 1.17 ($0.02) and a fifty-two week high of GBX 5.40 ($0.07). The company has a 50 day simple moving average of GBX 1.78 and a two-hundred day simple moving average of GBX 1.59. The company has a market capitalization of £30.64 million, a PE ratio of -3.49 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.