Indus Gas Limited (LON:INDI – Get Free Report)’s share price dropped 12% during trading on Friday . The company traded as low as GBX 7.30 ($0.09) and last traded at GBX 7.70 ($0.10). Approximately 213,053 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 258,462 shares. The stock had previously closed at GBX 8.75 ($0.11).
Indus Gas Stock Down 12.6 %
The firm’s 50-day simple moving average is GBX 10.17 and its 200 day simple moving average is GBX 10.03. The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The company has a market capitalization of £14.00 million, a PE ratio of 116.88 and a beta of 0.70.
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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