Could Petro Matad Limited Change Direction After Today’s Huge Increase?

 Could Petro Matad Limited Change Direction After Today's Huge Increase?

The stock of Petro Matad Limited (LON:MATD) is a huge mover today! The stock increased 0.52% or GBX 0.02 on November 23, hitting GBX 3.82. About 1.06M shares traded hands. Petro Matad Limited (LON:MATD) has risen 78.82% since April 22, 2016 and is uptrending. It has outperformed by 73.49% the S&P500.
The move comes after 9 months positive chart setup for the GBX 11.04M company. It was reported on Nov, 23 by Barchart.com. We have GBX 4.01 PT which if reached, will make LON:MATD worth GBX 552,000 more.

More important recent Petro Matad Limited (LON:MATD) news were published by: Fool.Co.Uk which released: “Why has Petro Matad Limited spiked 200% this week?” on May 05, 2016, also Uk.Finance.Yahoo.com published article titled: “-LSE Ticker: 292WR1/ISIN: IM00B292WR19”, Seekingalpha.com published: “Petro Matad: Why Its Worth Gambling On” on August 25, 2016. More interesting news about Petro Matad Limited (LON:MATD) was released by: Seekingalpha.com and their article: “Petro Matad Has 3 Big Value Changing Catalysts” with publication date: October 27, 2016.

Petro Matad Limited is a Mongolia-based oil exploration company. The company has a market cap of 11.04 million GBP. The Firm is engaged in the production, development and exploration of oil. It has a 8.43 P/E ratio. The Firm holds an operatorship of three production sharing contracts with the Government of Mongolia.

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