Shore Capital Reiterates House Stock Rating for Petro Matad (LON:MATD)

Shore Capital restated their house stock rating on shares of Petro Matad (LON:MATD) in a research report sent to investors on Thursday morning,Digital Look reports.

Petro Matad Stock Performance

MATD opened at GBX 1.47 ($0.02) on Thursday. The firm has a 50 day moving average price of GBX 1.46 and a 200 day moving average price of GBX 1.87. The company has a market cap of £27.30 million, a PE ratio of -3.11 and a beta of 2.24. Petro Matad has a 1 year low of GBX 1.17 ($0.02) and a 1 year high of GBX 5.40 ($0.07).

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.