Indus Gas (LON:INDI) Trading Down 4.2% – What’s Next?

Indus Gas Limited (LON:INDI) was down 4.2% during mid-day trading on Friday . The stock traded as low as GBX 6 ($0.07) 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 Stock Performance

The firm’s fifty day simple moving average is GBX 8.75 and its 200 day simple moving average is GBX 9.49. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The company has a market capitalization 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.