Petro Matad (LON:MATD) Reaches New 52-Week Low – Here’s What Happened

Petro Matad Limited (LON:MATDGet Free Report) shares hit a new 52-week low on Monday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.28 ($0.02), with a volume of 3530762 shares trading hands. The stock had previously closed at GBX 1.28 ($0.02).

Petro Matad Trading Up 2.0 %

The stock has a market capitalization of £19.24 million, a PE ratio of -15.50 and a beta of 2.24. 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 business’s 50-day moving average is GBX 1.47 and its two-hundred day moving average is GBX 2.10.

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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