Indus Gas (LON:INDI) Stock Price Down 4.2% – Here’s What Happened

Shares of Indus Gas Limited (LON:INDI) were down 4.2% during mid-day trading on Saturday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). Approximately 409,246 shares were traded during trading, an increase of 69% from the average daily volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 4.2 %

The firm has a 50-day simple moving average of GBX 8.70 and a 200-day simple moving average of GBX 9.44. The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14. The stock has a market cap of £14.55 million, a PE ratio of 99.38 and a beta of 0.70.

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.