Petro Matad (LON:MATD) Given House Stock Rating at Shore Capital

Petro Matad (LON:MATD)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

Petro Matad Price Performance

Shares of MATD stock opened at GBX 1.27 on Wednesday. The business has a 50-day moving average of GBX 1.01 and a 200 day moving average of GBX 1.21. Petro Matad has a 1-year low of GBX 0.65 and a 1-year high of GBX 2.70. The stock has a market capitalization of £23.30 million, a PE ratio of -1.58 and a beta of 2.24.

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.