Petro Matad Limited (LON:MATD – Get Free Report)’s stock price rose 13.3% on Wednesday . The company traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.70 ($0.02). Approximately 7,003,914 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 3,808,127 shares. The stock had previously closed at GBX 1.50 ($0.02).
Petro Matad Trading Up 3.9 %
The business’s fifty day moving average is GBX 1.44 and its 200 day moving average is GBX 1.91. The company has a market cap of £37.14 million, a P/E ratio of -4.23 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.
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