Petro Matad’s (MATD) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Petro Matad (LON:MATD) in a research note issued to investors on Thursday morning,Digital Look reports.

Petro Matad Stock Up 2.5 %

Shares of LON MATD opened at GBX 1.49 ($0.02) on Thursday. Petro Matad has a 52 week low of GBX 1.17 ($0.02) and a 52 week high of GBX 5.40 ($0.07). The firm has a 50-day moving average price of GBX 1.46 and a 200 day moving average price of GBX 1.85. The stock has a market capitalization of £27.59 million, a price-to-earnings ratio of -3.14 and a beta of 2.24.

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.