Shares of Indus Gas Limited (LON:INDI – Get Free Report) were down 6.3% on Friday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 8.15 ($0.10). Approximately 434,762 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 221,349 shares. The stock had previously closed at GBX 8.70 ($0.11).
Indus Gas Stock Performance
The business’s fifty day moving average is GBX 8.44 and its two-hundred day moving average is GBX 9.25. 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 capitalization of £14.91 million, a PE ratio of 101.88 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.
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