Indus Gas (LON:INDI) Stock Price Down 4.2% – Should You Sell?

Indus Gas Limited (LON:INDI)’s share price traded down 4.2% during trading on Saturday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). 409,246 shares traded hands during trading, an increase of 69% from the average session volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Price Performance

The firm has a fifty day moving average of GBX 8.70 and a 200 day moving average of GBX 9.40. 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 company has a market capitalization of £14.55 million, a P/E ratio of 99.38 and a beta of 0.70.

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.