Indus Gas (LON:INDI) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Indus Gas Limited (LON:INDI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.95 ($0.12) and traded as low as GBX 6 ($0.08). Indus Gas shares last traded at GBX 6.50 ($0.08), with a volume of 2,817 shares trading hands.

Indus Gas Trading Down 2.4 %

The stock has a 50 day moving average of GBX 7.18 and a 200-day moving average of GBX 8.89. The company has a market capitalization of £14.80 million, a P/E ratio of 1.83 and a beta of 0.70. The company has a current ratio of 3.20, a quick ratio of 0.80 and a debt-to-equity ratio of 237.78.

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.