Petro Matad (LON:MATD) Given House Stock Rating at Shore Capital

Shore Capital restated their house stock rating on shares of Petro Matad (LON:MATDGet Rating) in a research report released on Thursday morning, MarketBeat reports.

Petro Matad Trading Up 2.2 %

Shares of MATD opened at GBX 2.30 ($0.03) on Thursday. The company has a current ratio of 22.88, a quick ratio of 21.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of ¬£20.67 million and a P/E ratio of -11.25. The stock’s fifty day simple moving average is GBX 2.49 and its 200 day simple moving average is GBX 3.07. Petro Matad has a twelve month low of GBX 1.88 ($0.02) and a twelve month high of GBX 5.10 ($0.06).

About Petro Matad

(Get Rating)

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces 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 218 square kilometers in Mongolia.

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