Petro Matad (OTCMKTS:PRTDF) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Petro Matad Limited (OTCMKTS:PRTDFGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.03 and traded as high as $0.05. Petro Matad shares last traded at $0.05, with a volume of 68,400 shares.

Petro Matad Trading Up 33.2 %

The firm has a 50-day moving average price of $0.04 and a 200 day moving average price of $0.03.

About Petro Matad

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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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