Indus Gas (LON:INDI) Stock Price Down 13.3% – Time to Sell?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) shares dropped 13.3% during mid-day trading on Friday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.20 ($0.09). Approximately 407,955 shares traded hands during trading, an increase of 68% from the average daily volume of 242,598 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 4.2 %

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

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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