Indus Gas Limited (LON:INDI – Get Free Report)’s share price traded down 6.3% during mid-day trading on Friday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 8.15 ($0.10). 434,762 shares changed hands during trading, an increase of 96% from the average session volume of 221,349 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 stock has a market cap of £15.10 million, a P/E ratio of 103.13 and a beta of 0.70. The business’s 50-day moving average price is GBX 8.42 and its 200-day moving average price 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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