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

Petro Matad Limited (LON:MATD) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.37 ($0.02), with a volume of 4677877 shares changing hands. The stock had previously closed at GBX 1.35 ($0.02).

Petro Matad Stock Up 1.2 %

The firm’s fifty day moving average is GBX 1.49 and its 200-day moving average is GBX 2.18. The company has a market capitalization of £20.22 million, a P/E ratio of -15.50 and a beta of 2.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.91 and a current ratio of 10.02.

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.