Petro Matad Limited (LON:MATD – Get Free Report) shares dropped 10.7% during trading on Thursday . The stock traded as low as GBX 1.91 ($0.02) and last traded at GBX 2 ($0.03). Approximately 40,772,930 shares changed hands during trading, an increase of 668% from the average daily volume of 5,309,213 shares. The stock had previously closed at GBX 2.24 ($0.03).
Petro Matad Stock Down 15.2 %
The company’s fifty day moving average price is GBX 1.43 and its 200 day moving average price is GBX 1.91. The company has a market capitalization of £35.28 million, a P/E ratio of -4.02 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.
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