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Petro Matad ( (GB:MATD) ) has issued an update.
Petro Matad Limited announced the successful closing of its Retail Offer, resulting in the issuance of 19,497,678 Ordinary Shares at 0.8 pence per share. This move increases the total number of shares to 1,858,800,396, enhancing the company’s capital structure and potentially strengthening its market position.
More about Petro Matad
Petro Matad Limited is a Mongolian oil company listed on the AIM market. The company focuses on oil exploration and production, primarily operating in Mongolia.
Average Trading Volume: 8,032,765
Technical Sentiment Signal: Sell
Current Market Cap: £11.87M
For an in-depth examination of MATD stock, go to TipRanks’ Overview page.