Petro Matad (LON:MATD) Trading Up 9.5% – Still a Buy?

Petro Matad Limited (LON:MATD)’s stock price traded up 9.5% on Monday . The company traded as high as GBX 1.21 and last traded at GBX 1.21. 11,440,275 shares were traded during trading, an increase of 142% from the average daily volume of 4,727,273 shares. The stock had previously closed at GBX 1.10.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Petro Matad in a research note on Thursday, August 13th.

Petro Matad Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 16.91. The company has a 50 day moving average price of GBX 1.06 and a 200 day moving average price of GBX 1.17. The firm has a market cap of £17.66 million, a PE ratio of -3.17 and a beta of 0.49.

Petro Matad (LON:MATD) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX (0.30) earnings per share for the quarter. Petro Matad had a negative net margin of 145.86% and a negative return on equity of 23.44%. Sell-side analysts expect that Petro Matad Limited will post 0.0776545 EPS for the current fiscal year.

About Petro Matad

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