Shares of Indus Gas Limited (LON:INDI – Get Free Report) fell 12.8% on Wednesday . The company traded as low as GBX 13 ($0.17) and last traded at GBX 13 ($0.17). 1,330,592 shares traded hands during mid-day trading, an increase of 374% from the average session volume of 280,959 shares. The stock had previously closed at GBX 14.90 ($0.20).
Indus Gas Price Performance
The stock has a market cap of £19.56 million, a price-to-earnings ratio of 82.23 and a beta of 0.61. The company has a debt-to-equity ratio of 235.81, a quick ratio of 0.80 and a current ratio of 4.15. The company has a 50-day simple moving average of GBX 7.78 and a two-hundred day simple moving average of GBX 28.98.
About Indus Gas
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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