Petro Matad (LON:MATD) Sets New 1-Year Low – Time to Sell?

Petro Matad Limited (LON:MATD) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 1.37 ($0.02) and last traded at GBX 1.44 ($0.02), with a volume of 9171559 shares trading hands. The stock had previously closed at GBX 1.47 ($0.02).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Petro Matad in a research note on Thursday, August 22nd.

Petro Matad Stock Performance

The company’s 50 day simple moving average is GBX 2.28 and its 200 day simple moving average is GBX 2.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91 and a current ratio of 10.02. The stock has a market cap of £22.94 million, a PE ratio of -15.50 and a beta of 2.24.

About Petro Matad

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.