Indus Gas (LON:INDI) Trading Down 11% – What’s Next?

Indus Gas Limited (LON:INDI)’s share price dropped 11% on Friday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.39 ($0.09). Approximately 408,601 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 242,601 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 4.2 %

The business’s 50-day simple moving average is GBX 8.70 and its 200-day simple moving average is GBX 9.42. The company has a market cap of £14.55 million, a PE ratio of 99.38 and a beta of 0.70. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14.

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.