Indus Gas Limited (LON:INDI – Get Free Report) traded down 13.3% on Friday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 7.20 ($0.09). 322,023 shares changed hands during trading, an increase of 33% from the average session 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 current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The firm’s fifty day moving average price is GBX 8.70 and its 200-day moving average price is GBX 9.42. The company has a market cap of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70.
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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