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

Petro Matad Limited (LON:MATDGet Free Report)’s stock price hit 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. The stock had previously closed at GBX 1.35 ($0.02).

Petro Matad Stock Performance

The stock has a fifty day moving average price of GBX 1.48 and a 200 day moving average price of GBX 2.16. The company has a current ratio of 10.02, a quick ratio of 16.91 and a debt-to-equity ratio of 0.03. The firm has a market cap of £19.68 million, a price-to-earnings ratio of -15.50 and a beta of 2.24.

About Petro Matad

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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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