Petro Matad (LON:MATD) Sets New 1-Year Low – Here’s Why

Petro Matad Limited (LON:MATD)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.37 ($0.02), with a volume of 4677877 shares traded. The stock had previously closed at GBX 1.35 ($0.02).

Petro Matad Trading Up 1.2 %

The stock has a market cap of £20.22 million, a price-to-earnings ratio of -15.50 and a beta of 2.24. The business has a 50-day simple moving average of GBX 1.49 and a two-hundred day simple moving average of GBX 2.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.02 and a quick ratio of 16.91.

About Petro Matad

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.