Petro Matad (LON:MATD) Sets New 52-Week Low – Time to Sell?

Petro Matad Limited (LON:MATD) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.35 ($0.02), with a volume of 4656443 shares traded. The stock had previously closed at GBX 1.40 ($0.02).

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Petro Matad in a report on Thursday, August 22nd.

Petro Matad Price Performance

The business’s fifty day moving average is GBX 2.16 and its 200-day moving average is GBX 2.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.02 and a quick ratio of 16.91. The firm has a market cap of £19.98 million, a PE ratio of -15.50 and a beta of 2.24.

Petro Matad Company Profile

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.