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

Shore Capital reiterated their house stock rating on shares of Petro Matad (LON:MATD) in a research report released on Friday morning, MarketBeat.com reports.

Petro Matad Stock Performance

MATD stock opened at GBX 0.82 ($0.01) on Friday. The company has a market capitalization of £15.23 million, a price-to-earnings ratio of -1.73 and a beta of 2.24. Petro Matad has a fifty-two week low of GBX 0.79 ($0.01) and a fifty-two week high of GBX 3.50 ($0.05). The stock has a fifty day moving average of GBX 1.58 and a 200-day moving average of GBX 1.56.

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.