About HA3

Founded: 2007
Employees: n/a
CEO: Michael Buck
WebsiteView website: www.petromatadgroup.com

Petro Matad Limited, together with its subsidiaries, engages in the oil exploration and exploitation in Mongolia. It holds 100% interests in production sharing contract blocks, including Matad Block XX that consists of an area of approximately 214 square kilometers in Mongolia; and Borzon Block VII, which consist of an area of 41,141 square kilometers in Mongolia. The company also invests in renewable energy projects. Petro Matad Limited was incorporated in 2007 and is based in Douglas, Isle of Man.

Recent HA3 News & Updates

New Risk • Jun 30

New major risk - Market cap size

The company's market capitalization is less than US$10m. Market cap: €1.86m (US$2.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (141% average daily change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (€1.86m market cap, or US$2.12m). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (US$2.9m revenue).

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About HA3

Recent HA3 News & Updates

Companies Like Petro Matad (FRA:HA3) Are In A Position To Invest In Growth

New major risk - Market cap size

New minor risk - Financial data availability

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