Petro Matad (LON:MATD) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

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 trading hands.

Petro Matad Stock Down 1.7 %

The stock’s fifty day simple moving average is GBX 1.77 and its 200-day simple moving average is GBX 2.37. The stock has a market capitalization of £22.19 million, a PE 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.

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.