Indus Gas (LON:INDI) Shares Down 28.5% – Should You Sell?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) dropped 28.5% on Wednesday . The stock traded as low as GBX 2.50 and last traded at GBX 2.60. Approximately 245,897 shares traded hands during trading, an increase of 1% from the average daily volume of 243,181 shares. The stock had previously closed at GBX 3.64.

Indus Gas Price Performance

The firm has a market capitalization of £5.27 million, a P/E ratio of -0.01 and a beta of 0.70. The company has a current ratio of 3.20, a quick ratio of 0.80 and a debt-to-equity ratio of 237.78. The firm has a 50 day moving average price of GBX 8.76 and a 200-day moving average price of GBX 10.34.

Indus Gas Company Profile

(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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.

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