Indus Gas (LON:INDI) Trading Down 4.2% – Here’s Why

Indus Gas Limited (LON:INDI) was 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 changed hands during mid-day 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 Stock Down 4.2 %

The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The stock’s 50-day moving average price is GBX 8.70 and its 200-day moving average price is GBX 9.44. The stock has a market cap of £14.55 million, a price-to-earnings ratio of 99.38 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.