Shares of Indus Gas Limited (LON:INDI – Get Free Report) fell 16.7% on Friday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7.25 ($0.09). 370,905 shares were traded during mid-day trading, an increase of 103% from the average session volume of 182,484 shares. The stock had previously closed at GBX 8.70 ($0.11).
Indus Gas Stock 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 firm has a market capitalization of £15.10 million, a PE ratio of 103.13 and a beta of 0.70. The business’s fifty day simple moving average is GBX 8.42 and its 200-day simple moving average is GBX 9.23.
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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