Petro Matad Limited (OTCMKTS:PRTDF) Short Interest Update

Petro Matad Limited (OTCMKTS:PRTDF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 58,500 shares, a growth of 19,400.0% from the September 30th total of 300 shares. Based on an average trading volume of 39,600 shares, the short-interest ratio is currently 1.5 days.

Petro Matad Stock Up 36.4 %

Shares of Petro Matad stock opened at $0.05 on Friday. The stock’s fifty day moving average is $0.03 and its 200 day moving average is $0.03. Petro Matad has a one year low of $0.01 and a one year high of $0.09.

About Petro Matad

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces 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 218 square kilometers in Mongolia.