Indus Gas Limited (LON:INDI – Get Free Report)’s share price was down 11.6% during mid-day trading on Wednesday . The stock traded as low as GBX 11 ($0.15) and last traded at GBX 13 ($0.17). Approximately 194,373 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 293,393 shares. The stock had previously closed at GBX 14.70 ($0.19).
Indus Gas Trading Down 11.6 %
The firm’s 50 day moving average price is GBX 9.38 and its 200-day moving average price is GBX 23.08. The company has a debt-to-equity ratio of 235.81, a current ratio of 4.15 and a quick ratio of 0.80. The stock has a market cap of £23.79 million, a P/E ratio of 113.08 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.
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