Indus Gas (LON:INDI) Trading Down 17.7% – What’s Next?

Indus Gas Limited (LON:INDIGet Free Report)’s stock price traded down 17.7% on Thursday . The company traded as low as GBX 9.22 and last traded at GBX 9.22. 276,466 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 164,673 shares. The stock had previously closed at GBX 11.20.

Indus Gas Stock Down 5.9%

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 firm has a market capitalization of £16.87 million, a P/E ratio of -0.05 and a beta of 0.70. The firm’s fifty day moving average price is GBX 9.73 and its 200-day moving average price is GBX 10.46.

Indus Gas Company Profile

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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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.

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