Petro Matad (OTCMKTS:PRTDF) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Petro Matad Limited (OTCMKTS:PRTDFGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.03 and traded as high as $0.05. Petro Matad shares last traded at $0.05, with a volume of 9,400 shares changing hands.

Petro Matad Price Performance

The stock has a 50-day simple moving average of $0.04 and a 200-day simple moving average of $0.03.

Petro Matad Company Profile

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Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces 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 218 square kilometers in Mongolia.

Further Reading

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