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

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

Indus Gas Trading Down 4.2 %

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 company has a market capitalization of £14.55 million, a PE ratio of 99.38 and a beta of 0.70. The stock’s 50 day moving average is GBX 8.70 and its two-hundred day moving average is GBX 9.42.

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.