Petro Matad’s (MATD) House Stock Rating Reiterated at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Petro Matad (LON:MATD) in a research note released on Wednesday, MarketBeat Ratings reports.

Petro Matad Stock Performance

Shares of MATD opened at GBX 1.19 on Wednesday. The stock has a 50 day simple moving average of GBX 1.04 and a 200 day simple moving average of GBX 1.21. Petro Matad has a 52-week low of GBX 0.65 and a 52-week high of GBX 2.70. The firm has a market capitalization of £21.89 million, a PE ratio of -1.75 and a beta of 2.24.

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.