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

Indus Gas Limited (LON:INDI) shares fell 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 traded 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 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 firm has a market capitalization of £13.17 million, a P/E ratio of 90.00 and a beta of 0.70. The stock has a 50-day moving average of GBX 8.75 and a 200 day moving average of GBX 9.49.

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.