Petro Matad (LON:MATD) Reaches New 1-Year Low – Time to Sell?

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 1.37 ($0.02), with a volume of 4677877 shares changing hands. The stock had previously closed at GBX 1.35 ($0.02).

Petro Matad Stock Performance

The stock has a fifty day simple moving average of GBX 1.48 and a 200-day simple moving average of GBX 2.16. The company has a quick ratio of 16.91, a current ratio of 10.02 and a debt-to-equity ratio of 0.03. The company has a market capitalization of £19.68 million, a P/E ratio of -15.50 and a beta of 2.24.

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.