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An update from Petro Matad ( (GB:MATD) ) is now available.
Petro Matad Limited has announced a retail offer of up to 62.50 million shares to raise approximately GBP 0.50 million, with the possibility of increasing this amount based on demand. This initiative is part of a broader capital raising strategy that includes a placing and subscriptions for new shares, aimed at strengthening the company’s financial position and enhancing its market presence. The retail offer is open to eligible UK investors and is conditional upon the successful completion of the placing, with trading expected to commence on 18 July 2025.
More about Petro Matad
Petro Matad Limited operates in the oil and gas industry, focusing on exploration and development activities. The company is primarily involved in the production and sale of petroleum products, with a market focus on expanding its shareholder base and capital through strategic offerings.
Average Trading Volume: 6,380,885
Technical Sentiment Signal: Sell
Current Market Cap: £18.55M
See more data about MATD stock on TipRanks’ Stock Analysis page.