Indus Gas (LON:INDI) Shares Down 4.2% – Here’s What Happened

Indus Gas Limited (LON:INDI)’s share price traded down 4.2% on Friday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). 409,246 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Price Performance

The stock has a 50-day moving average price of GBX 8.70 and a 200 day moving average price of GBX 9.42. The stock has a market capitalization of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14.

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.