Petro Matad Limited (LON:MATD) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $6.93. Petro Matad shares last traded at $7.07, with a volume of 1,658,643 shares trading hands.

Separately, Shore Capital restated a “house stock” rating on shares of in a research report on Wednesday, June 26th.

The firm has a market cap of $47.18 million and a PE ratio of -2.23. The firm’s 50-day moving average price is GBX 7.61.

Petro Matad Company Profile (LON:MATD)

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. Its properties include production sharing contracts over the Matad Block XX covering an area of 10,340 square kilometers in the far eastern part of Mongolia; and Bogd Block IV and Ongi Block V totaling approximately 50,000 square kilometers located in west central Mongolia.

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