Petro Matad (LON:MATD) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Petro Matad Limited (LON:MATD) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.02 and traded as low as GBX 1. Petro Matad shares last traded at GBX 1.14, with a volume of 4,268,465 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of Petro Matad in a research report on Wednesday, November 5th.

Petro Matad Stock Down 4.7%

The stock’s 50-day moving average price is GBX 1.10 and its 200 day moving average price is GBX 1.02. The company has a market cap of £19.72 million, a P/E ratio of -1.58 and a beta of 2.24.

About Petro Matad

Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors.