Shares of Petro Matad Limited (LON:MATD – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1.25 ($0.02) and traded as low as GBX 0.96 ($0.01). Petro Matad shares last traded at GBX 1 ($0.01), with a volume of 33,785,020 shares.
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “house stock” rating on shares of Petro Matad in a report on Thursday.
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Petro Matad Stock Performance
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.
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