Indus Gas Limited (LON:INDI – Get Free Report)’s stock price dropped 12.1% during mid-day trading on Tuesday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.62 ($0.07). Approximately 116,705 shares traded hands during trading, an increase of 82% from the average daily volume of 63,961 shares. The stock had previously closed at GBX 6.40 ($0.08).
Indus Gas Trading Up 1.7 %
The company has a debt-to-equity ratio of 237.78, a current ratio of 3.20 and a quick ratio of 0.80. The stock has a market capitalization of £13.26 million, a price-to-earnings ratio of 1.64 and a beta of 0.70. The business has a fifty day moving average of GBX 6.93 and a 200-day moving average of GBX 8.44.
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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