Indus Gas (LON:INDI) Stock Price Down 4.2% – What’s Next?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report)’s stock price dropped 4.2% on Friday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). Approximately 409,246 shares changed hands during trading, an increase of 69% from the average daily volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Price Performance

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

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.

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