Indus Gas (LON:INDI) Stock Price Down 4.8% – What’s Next?

Indus Gas Limited (LON:INDI)’s stock price dropped 4.8% on Friday . The stock traded as low as GBX 6 ($0.07) and last traded at GBX 7.90 ($0.10). Approximately 321,106 shares were traded during trading, an increase of 33% from the average daily volume of 242,239 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Stock Performance

The firm’s 50 day moving average is GBX 8.75 and its 200-day moving average is GBX 9.49. The stock has a market capitalization of £14.45 million, a price-to-earnings ratio of 98.75 and a beta of 0.70. The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50.

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.