Indus Gas (LON:INDI) Stock Price Down 13.3% – What’s Next?

Shares of Indus Gas Limited (LON:INDI) dropped 13.3% during trading on Friday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.20 ($0.09). Approximately 322,023 shares were traded during trading, an increase of 33% from the average daily volume of 242,243 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Stock Down 4.2 %

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 firm has a market capitalization of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70. The stock has a 50 day moving average of GBX 8.70 and a 200 day moving average of GBX 9.42.

Indus Gas Company Profile

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.