Petro Matad (LON:MATD) Sets New 52-Week Low – Time to Sell?

Shares of Petro Matad Limited (LON:MATD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.35 ($0.02), with a volume of 4656443 shares changing hands. The stock had previously closed at GBX 1.40 ($0.02).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Petro Matad in a research note on Thursday, August 22nd.

Petro Matad Stock Down 3.6 %

The company has a market capitalization of £19.98 million, a price-to-earnings ratio of -15.50 and a beta of 2.24. 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 firm’s 50 day moving average price is GBX 2.16 and its two-hundred day moving average price is GBX 2.70.

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.