Petro Matad (LON:MATD) Stock Price Down 7.7% – Should You Sell?

by · The Markets Daily

Petro Matad Limited (LON:MATD – Get Free Report) dropped 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 1.11 and last traded at GBX 1.20. Approximately 9,529,548 shares were traded during trading, a decline of 6% from the average daily volume of 10,127,683 shares. The stock had previously closed at GBX 1.30.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Petro Matad

Petro Matad Stock Down 12.0%

The stock has a market cap of £21.04 million, a PE ratio of -1.68 and a beta of 2.24. The company’s fifty day moving average is GBX 1.17 and its 200 day moving average is GBX 1.05.

About Petro Matad

(Get Free Report)

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

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