Petro Matad (LON:MATD) Stock Crosses Below 200 Day Moving Average – What’s Next?

Petro Matad Limited (LON:MATD)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2.37 ($0.03) and traded as low as GBX 1.50 ($0.02). Petro Matad shares last traded at GBX 1.59 ($0.02), with a volume of 324,888 shares traded.

Petro Matad Price Performance

The company has a current ratio of 10.02, a quick ratio of 16.91 and a debt-to-equity ratio of 0.03. The company has a market cap of £22.19 million, a PE ratio of -15.50 and a beta of 2.24. The firm has a 50 day moving average of GBX 1.77 and a two-hundred day moving average of GBX 2.37.

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.