Petro Matad (LON:MATD) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Petro Matad Limited (LON:MATDGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2.01 ($0.03) and traded as low as GBX 1.30 ($0.02). Petro Matad shares last traded at GBX 1.33 ($0.02), with a volume of 1,751,132 shares.

Petro Matad Stock Down 0.5 %

The business has a 50-day moving average price of GBX 1.46 and a two-hundred day moving average price of GBX 2.01. The firm has a market cap of £24.47 million, a PE ratio of -2.79 and a beta of 2.24.

Petro Matad Company Profile

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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.

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