Indus Gas Limited (LON:INDI – Get Free Report) shares fell 14.5% during trading on Friday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.10 ($0.09). 407,734 shares were traded during mid-day trading, an increase of 68% from the average session volume of 242,597 shares. The stock had previously closed at GBX 8.30 ($0.10).
Indus Gas Stock Performance
The stock has a 50-day moving average of GBX 8.70 and a 200 day moving average of GBX 9.42. The firm has a market capitalization of £14.55 million, a P/E ratio of 99.38 and a beta of 0.70. The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50.
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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