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Pin to quick picksPetro Matad Share News (MATD)

Share Price Information for Petro Matad (MATD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.10
Bid: 3.00
Ask: 3.20
Change: 0.05 (1.64%)
Spread: 0.20 (6.667%)
Open: 3.05
High: 3.10
Low: 3.05
Prev. Close: 3.05
MATD Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: Cineworld Falls On Warner Streaming Plans

Fri, 04th Dec 2020 10:33

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 100 - WINNERS

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BP, up 3.3%. The oil major was the best performing FTSE 100 stock after members of the OPEC+ cartel struck a deal to increase production over the coming months, but by less than anticipated in their previous accord.

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SSE, up 3.0%. The Perth, Scotland-based utility is selling a 10% stake in the UK Dogger Bank A and B project to Italian oil major Eni for GBP202.5 million. Eni will buy another 10% stake from Norway's Equinor to have 20% alongside SSE's 40% and Equinor's 40%.

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FTSE 100 - LOSERS

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Rolls-Royce, down 3.5%. The jet engine maker was the worst-performing blue chip stock, giving back some of this week's bumper gains. It had risen 16% on Thursday as positive vaccine developments boosted the prospects of global travel. The aerospace stock remains up 54% in the past month, though down 46% in the past year.

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FTSE 250 - WINNERS

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Micro Focus International, up 10%. The software firm was on Thursday touted by Amazon Web Services as one of the businesses that can help companies migrate data to the cloud. AWS noted Micro's deployment environment software which it provided to Kmart Australia.

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Premier Oil, up 6.7%. Like BP, the mid-cap oil company's shares rose following Thursday's OPEC+ meeting.

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FTSE 250 - LOSERS

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Cineworld Group, down 11%. AT&T subsidiary Warner Bros will release its entire 2021 slate of movies on HBO Max streaming and in theatres simultaneously, including "The Matrix 4" and Denis Villeneuve's "Dune" remake, the studio announced in a landmark response to the pandemic Thursday. The "hybrid model" will see films available on HBO Max streaming in the US for one month from the date of their theatrical release.

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OTHER MAIN MARKET AND AIM - WINNERS

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N4 Pharma, up 52%. The Chellaston, England-based pharmaceutical company made further gains after it announced on Thursday that cancer drug Nuvec can be freeze dried and stored for 14 day without a significant drop in performance. N4 Pharma said Nuvec formulations which had been freeze dried and then stored for 14 days, either at room temperature or at four degrees celsius, showed no significant drop in in vitro transfection capability following its reconstitution.

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Hunters Property, up 44%. The Yorkshire-based estate agent confirmed it received a preliminary approach from Property Franchise Group over a potential takeover offer. Property Franchise shares were down 5.5%.

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OTHER MAIN MARKET AND AIM - LOSERS

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Petro Matad, down 8.7%. The oil firm said a meeting on the awarding of the Block XX exploitation licence in Mongolia has been postponed due to lockdown measures.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
15 Dec 2016 11:24

Petro Matad's reassignment of Shell's Mongolian oil blocks approved

(ShareCast News) - The Mongolian government has approved the reassignment of interests in two oil blocks worth about $15m from Royal Dutch Shell to Petro Matad. The reassignment of blocks four and five were approved, which means that through its wholly-owned affiliate, Central Asian Petroleum Corpor

Read more
9 Dec 2016 14:36

Petro Matad share price plunges

(ShareCast News) - Petro Matad was forced to issue an update on Friday, as its share price plunged more than17%. It confirmed that there was nothing further to update at this stage. The AIM-traded company said it continues to expect that the approval from the Mongolian Government of the reassignmen

Read more
16 Nov 2016 13:06

Petro Matad taps into Mongolian oil field containing up to 23bn barrels

(ShareCast News) - Shares in Petro Matad soared on Wednesday as the oil explorer said it had tapped into a large oil field in Mongolia, which contains between nine and 23bn barrels of oil. The company updated its estimates of undiscovered petroleum resources following interpretation of new and previ

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26 Aug 2016 10:00

Petro Matad's Shell affiliate farm-out exit fee contributed to H1 profit

(ShareCast News) - Mongolian oil explorer Petro Matad reported that the farm-out exit fee received from Royal Dutch Shell's affiliate contributed to the company's interim half year profit. For the six months ended 30 June, the company reported an interim profit of $100,000 in comparison to a $1.74m

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5 Aug 2016 13:13

Petro Matad reaches $10m settlement with Shell's Mongolian affiliate

(ShareCast News) - Petroleum explorer Petro Matad's reached a $10m settlement with Shell's affiliate BG Mongolian Holdings (BGMH). The Mongolian miner reported that Shell's BGMH will pay a farm-out arrangement exit fee of over $10m as well as a further $5m. In June, Petro Matad's affiliate Central

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5 Aug 2016 09:29

WINNERS & LOSERS SUMMARY: Upbeat Bellway Lifts Housebuilding Stocks

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30 Jun 2016 16:11

Petro Matad Loss Narrows; Set For USD10 Million Exit Fee From Shell

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29 Apr 2016 12:18

Shell leaves Petro Matad on its own in Mongolia

(ShareCast News) - Petro Matad revealed it had lost its partner in the Block IV and V production sharing contracts in west and central Mongolia on Friday. The AIM-traded company said that, on 28 April, Shell - through its affiliate company - issued an exit notice to Petro Matad's 100% owned subsidia

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29 Apr 2016 11:31

Petro Matad Expecting "Highly Material" Compensation From Partner

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3 Feb 2016 10:35

WINNERS & LOSERS SUMMARY: Prudential Bounces Back From 2-Year Low

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3 Feb 2016 09:50

Petro Matad Delays Survey And Drilling Plans At Mongolia Project

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29 Oct 2015 09:48

Petro Matad Pleased With Survey Data From Central Mongolia Blocks

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29 Sep 2015 08:46

Petro Matad Loss Narrows As Farm-Out Deal With BG Group Progresses

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13 Aug 2015 10:19

Petro Matad awards Mongolian seismic data contract

(ShareCast News) - Petro Matad has awarded a contract to Khet Co for 2D to gather seismic data in two of its exploration blocks in central Mongolia. The oil exploration company said Khet Co, which is a geophysical contracting company, will carry out a 2D seismic programme of around 2,000 kilometres

Read more
13 Aug 2015 08:19

Petro Matad Awards Mongolian 2D Seismic Data Contract To Khet Co

Read more

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