Petro Matad (LON:MATD) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Petro Matad Limited (LON:MATD)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2.37 ($0.03) and traded as low as GBX 1.50 ($0.02). Petro Matad shares last traded at GBX 1.59 ($0.02), with a volume of 324,888 shares trading hands.

Petro Matad Stock Up 4.3 %

The company has a quick ratio of 16.91, a current ratio of 10.02 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of GBX 1.79 and a 200 day simple moving average of GBX 2.37. The firm has a market capitalization of £23.53 million, a P/E ratio of -15.50 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.