Petro Matad (LON:MATD) Announces Quarterly Earnings Results

Petro Matad (LON:MATDGet Free Report) issued its quarterly earnings results on Thursday. The company reported GBX (0.30) earnings per share for the quarter, Digital Look Earnings reports. Petro Matad had a negative return on equity of 23.44% and a negative net margin of 145.86%.

Petro Matad Stock Up 0.8%

Petro Matad stock opened at GBX 1.13 on Friday. The firm has a 50 day simple moving average of GBX 1.26 and a 200 day simple moving average of GBX 1.20. The company has a current ratio of 2.32, a quick ratio of 16.91 and a debt-to-equity ratio of 0.62. Petro Matad has a 1-year low of GBX 0.65 and a 1-year high of GBX 1.68. The firm has a market capitalization of £20.86 million, a price-to-earnings ratio of -1.67 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Petro Matad in a research note on Thursday.

Get Our Latest Stock Analysis on Petro Matad

About Petro Matad

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

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