Petro Matad (LON:MATD) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Petro Matad Limited (LON:MATDGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.02 and traded as low as GBX 1. Petro Matad shares last traded at GBX 1.14, with a volume of 4,268,465 shares traded.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Petro Matad

Petro Matad Price Performance

The firm has a 50 day moving average of GBX 1.10 and a 200-day moving average of GBX 1.02. The stock has a market capitalization of £19.72 million, a P/E ratio of -1.58 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.

Featured Stories

Receive News & Ratings for Petro Matad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petro Matad and related companies with MarketBeat.com's FREE daily email newsletter.