Indus Gas (LON:INDI) Trading Down 4% – Here’s What Happened

Indus Gas Limited (LON:INDI)’s share price was down 4% during trading on Tuesday . The stock traded as low as GBX 8.05 ($0.10) and last traded at GBX 9 ($0.11). Approximately 60,573 shares changed hands during trading, a decline of 75% from the average daily volume of 244,228 shares. The stock had previously closed at GBX 9.38 ($0.12).

Indus Gas Stock Down 4.1 %

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 stock’s 50-day moving average price is GBX 8.47 and its two-hundred day moving average price is GBX 9.26. The stock has a market capitalization of £15.10 million, a PE ratio of 103.13 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.