Petro Matad (LON:MATD) Earns House Stock Rating from Shore Capital

Petro Matad (LON:MATD)‘s stock had its “house stock” rating restated by equities researchers at Shore Capital in a research report issued on Thursday,Digital Look reports.

Petro Matad Price Performance

MATD stock opened at GBX 1.49 ($0.02) on Thursday. The company has a 50 day moving average price of GBX 1.46 and a 200 day moving average price of GBX 1.86. 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 stock has a market capitalization of £27.59 million, a PE ratio of -3.14 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.