Indus Gas (LON:INDI) Trading Down 13.3% – What’s Next?

Indus Gas Limited (LON:INDI)’s stock price dropped 13.3% on Friday . The company traded as low as GBX 6 ($0.07) and last traded at GBX 7.20 ($0.09). Approximately 407,955 shares traded hands during trading, an increase of 68% from the average daily volume of 242,598 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 4.2 %

The stock has a market cap 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 current ratio of 2.50 and a quick ratio of 0.80. The firm’s 50 day moving average price is GBX 8.75 and its 200-day moving average price is GBX 9.49.

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.