Petro Matad (LON:MATD) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Petro Matad Limited (LON:MATD)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1.03 and traded as low as GBX 1. Petro Matad shares last traded at GBX 1, with a volume of 2,155,845 shares traded.

Analyst Upgrades and Downgrades

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

Petro Matad Stock Up 4.8%

The business’s 50 day simple moving average is GBX 1.17 and its two-hundred day simple moving average is GBX 1.03. The stock has a market cap of £20.23 million, a P/E ratio of -1.62 and a beta of 2.24.

Petro Matad Company Profile

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