Petro Matad Limited (LON:MATD – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.17 and traded as low as GBX 1. Petro Matad shares last traded at GBX 1.05, with a volume of 5,973,612 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a “house stock” rating on shares of Petro Matad in a research note on Wednesday, November 5th.
Check Out Our Latest Stock Report on Petro Matad
Petro Matad Stock Performance
About Petro Matad
Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors.
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