Petro Matad (MATD.L) Is Facing Declines Again

In 2021 the share prices of Petro Matad started to face positive changes. After a year of low prices, it was good news for the company. In March 2021, the share price was at 2.60 GBP, and in May it was already at 8.50GBP. This means that it developed by 5.9 GBP in just two months. However, recently, the share prices started to decline again. So, on the 13rth of July, it opened at 6.33 GBP and closed at 5.45 GBP, decreasing by 14.17% compared to the previous close. The average volume is lower than the total volume by 3,2 million GBP. The EPS is -0.40.

Petro Matad is a company that explores, develops, and produces oil in Mongolia, in partnership with its subsidiaries. It owns 100 % of production sharing contract blocks in Mongolia, including Bogd Block IV and Ongi Block V, that cover over 50,000 square kilometres, and Matad Block XX, which consists of an area of 10,340 square kilometres. The firm was founded in 2007 and is based in Douglas, United Kingdom.

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Please, keep in mind, that Petro Matad is not the best deal to invest in. We suggest you read other articles on our site. Do your own research before making any decision.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter

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