Petro Matad (LON:MATD) Trading Up 9.5% – Still a Buy?

Shares of Petro Matad Limited (LON:MATD) shot up 9.5% during trading on Monday . The stock traded as high as GBX 1.21 and last traded at GBX 1.21. 11,440,275 shares changed hands during trading, an increase of 142% from the average daily volume of 4,727,273 shares. The stock had previously closed at GBX 1.10.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of Petro Matad in a research report on Thursday, August 13th.

Petro Matad Stock Up 9.5%

The firm has a 50 day simple moving average of GBX 1.06 and a 200-day simple moving average of GBX 1.18. The company has a quick ratio of 16.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of £22.40 million, a P/E ratio of -4.02 and a beta of 0.49.

Petro Matad (LON:MATD) last released its quarterly earnings data on Thursday, June 25th. The company reported GBX (0.30) EPS for the quarter. Petro Matad had a negative return on equity of 23.44% and a negative net margin of 145.86%. On average, equities research analysts forecast that Petro Matad Limited will post 0.0776545 earnings per share for the current fiscal year.

About Petro Matad

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