Petro Matad (LON:MATD) Posts Quarterly Earnings Results

Petro Matad (LON:MATDGet Free Report) released its earnings results on Thursday. The company reported GBX (0.30) earnings per share for the quarter, Digital Look Earnings reports. Petro Matad had a negative return on equity of 54.57% and a negative net margin of 495.17%.

Petro Matad Stock Performance

Petro Matad stock traded down GBX 0.01 during mid-day trading on Thursday, hitting GBX 1.10. 4,416,216 shares of the company’s stock traded hands, compared to its average volume of 5,752,879. The firm has a 50 day moving average price of GBX 1.27 and a 200 day moving average price of GBX 1.20. The company has a market cap of £20.25 million, a PE ratio of -1.62 and a beta of 0.54. Petro Matad has a one year low of GBX 0.65 and a one year high of GBX 1.68. The company has a quick ratio of 16.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Petro Matad in a research note on Thursday.

Read Our Latest Report on Petro Matad

About Petro Matad

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Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors.

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