Shares of Indus Gas Limited (LON:INDI – Get Free Report) dropped 6.5% during trading on Tuesday . The company traded as low as GBX 8.61 ($0.12) and last traded at GBX 9.35 ($0.13). Approximately 258,422 shares traded hands during trading, a decline of 12% from the average daily volume of 293,032 shares. The stock had previously closed at GBX 10 ($0.13).
Indus Gas Price Performance
The firm has a market cap of £15.74 million, a price-to-earnings ratio of 67.69 and a beta of 0.70. The business has a 50 day simple moving average of GBX 10.21 and a 200-day simple moving average of GBX 19.21. The company has a debt-to-equity ratio of 235.81, a quick ratio of 0.80 and a current ratio of 4.15.
About Indus Gas
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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