Indus Gas (LON:INDI) Shares Down 13.3% – Should You Sell?

Indus Gas Limited (LON:INDI) shares traded down 13.3% during trading on Friday . The stock traded as low as GBX 6 ($0.07) and last traded at GBX 7.20 ($0.09). 322,023 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 242,243 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 13.3 %

The company has a 50-day simple moving average of GBX 8.75 and a 200-day simple moving average of GBX 9.49. 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 £13.17 million, a P/E ratio of 90.00 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.