Shares of Indus Gas Limited (LON:INDI – Get Free Report) were down 17.7% during mid-day trading on Thursday . The stock traded as low as GBX 9.22 and last traded at GBX 9.22. Approximately 276,466 shares changed hands during trading, an increase of 68% from the average daily volume of 164,673 shares. The stock had previously closed at GBX 11.20.
Indus Gas Stock Down 10.7%
The business’s 50 day moving average is GBX 9.75 and its 200 day moving average is GBX 10.44. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The company has a market cap of £18.30 million, a P/E ratio of -0.05 and a beta of 0.70.
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.
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