Indus Gas Limited (LON:INDI – Get Free Report) shares dropped 4.2% during mid-day trading on Saturday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). Approximately 409,246 shares traded hands during trading, an increase of 69% from the average daily volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).
Indus Gas Price Performance
The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The company has a market capitalization of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70. The company has a 50-day moving average price of GBX 8.70 and a 200-day moving average price of GBX 9.40.
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.
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