Petro Matad (LON:MATD) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Petro Matad Limited (LON:MATDGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1.12 and traded as low as GBX 0.90. Petro Matad shares last traded at GBX 0.92, with a volume of 5,972,605 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Petro Matad in a research report on Wednesday, November 5th.

Get Our Latest Analysis on Petro Matad

Petro Matad Stock Down 1.6%

The firm has a 50-day moving average of GBX 1.10 and a two-hundred day moving average of GBX 1.12. The stock has a market capitalization of £16.92 million, a price-to-earnings ratio of -1.35 and a beta of 2.24.

Petro Matad Company Profile

(Get Free Report)

Petro Matad is a company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors.

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