Petro Matad (LON:MATD) Receives House Stock Rating from Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Petro Matad (LON:MATD) in a research report report published on Tuesday morning, Marketbeat.com reports.

Petro Matad Stock Up 2.4%

Shares of LON:MATD opened at GBX 0.84 on Tuesday. The firm has a market capitalization of £15.60 million, a PE ratio of -1.78 and a beta of 2.24. Petro Matad has a twelve month low of GBX 0.65 and a twelve month high of GBX 3. The company has a 50-day moving average price of GBX 0.94 and a two-hundred day moving average price of GBX 1.41.

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.