Petro Matad (LON:MATD) Trading Down 7.8% – Here’s What Happened

Petro Matad Limited (LON:MATDGet Free Report) shares dropped 7.8% during trading on Wednesday . The company traded as low as GBX 0.95 and last traded at GBX 0.95. Approximately 3,019,288 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 6,112,354 shares. The stock had previously closed at GBX 1.03.

Analysts Set New Price Targets

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

Read Our Latest Report on Petro Matad

Petro Matad Stock Down 5.0%

The company has a market cap of £18.01 million, a PE ratio of -1.44 and a beta of 2.24. The business has a 50-day simple moving average of GBX 1.09 and a 200-day simple moving average of GBX 1.01.

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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