Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Petro Matad ( (GB:MATD) ) is now available.
Petro Matad Limited reported its most productive month to date with successful operations at Heron-1 and Gazelle-1, while Heron-2’s re-test was suspended for winter. The company is finalizing an Oil Sales Agreement with PetroChina and considering a farm-in proposal for Block XX. SunSteppe Renewable Energy is advancing several projects, including a 200MW hybrid renewable energy project and Mongolia’s first green hydrogen initiative, positioning itself as a key player in Mongolia’s renewable energy sector.
More about Petro Matad
Petro Matad Limited is a Mongolian oil company listed on the AIM market. It focuses on oil exploration and production, with operations primarily centered around Block XX in Mongolia. The company is also involved in renewable energy projects through its subsidiary, SunSteppe Renewable Energy, which aims to contribute to Mongolia’s energy transition goals.
Average Trading Volume: 16,974,037
Technical Sentiment Signal: Sell
Current Market Cap: £16.73M
For an in-depth examination of MATD stock, go to TipRanks’ Overview page.