Indus Gas (LON:INDI) Stock Crosses Below 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 10.70 ($0.14) and traded as low as GBX 7.55 ($0.10). Indus Gas shares last traded at GBX 8.65 ($0.11), with a volume of 97,047 shares changing hands.

Indus Gas Price Performance

The company has a 50 day simple moving average of GBX 11.34 and a 200-day simple moving average of GBX 10.70. The stock has a market cap of £14.55 million, a price-to-earnings ratio of 108.13 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

(Get Free Report)

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.

Featured Stories