Indus Gas (LON:INDI) Trading Down 4.2% – What’s Next?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report)’s share price fell 4.2% during trading on Saturday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). 409,246 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Price Performance

The company has a 50 day moving average of GBX 8.70 and a 200 day moving average of GBX 9.44. The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14. The stock has a market capitalization of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70.

About Indus Gas

(Get Free Report)

Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in Asia and Europe. The company engages in the exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas and condensate. It owns a 90% participating interest in the Block RJ-ON/6, a petroleum exploration and development concession covering an area of approximately 4,026 square kilometers located in onshore mid Indus basin, Rajasthan.

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