Petro Matad (LON:MATD) Stock Price Up 6.2%

Shares of Petro Matad Limited (LON:MATD) rose 6.2% on Friday . The company traded as high as GBX 2.45 ($0.03) and last traded at GBX 2.40 ($0.03). Approximately 86,531,844 shares changed hands during mid-day trading, an increase of 1,036% from the average daily volume of 7,620,381 shares. The stock had previously closed at GBX 2.26 ($0.03).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Petro Matad in a research report on Monday, March 4th.

Petro Matad Price Performance

The stock has a market capitalization of £26.09 million, a price-to-earnings ratio of -15.50 and a beta of 2.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91 and a current ratio of 28.92. The company has a fifty day simple moving average of GBX 3.41 and a two-hundred day simple moving average of GBX 3.62.

Petro Matad Company Profile

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.