Petro Matad (LON:MATD) Shares Cross Below 200-Day Moving Average of $0.00
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 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.
Featured Article: Elliott Wave Theory
Receive News & Ratings for Petro Matad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petro Matad and related companies with MarketBeat.com's FREE daily email newsletter.