Indus Gas Limited (LON:INDI – Get Free Report) shares dropped 17.7% during trading on Thursday . The stock traded as low as GBX 9.22 and last traded at GBX 9.22. Approximately 276,466 shares were traded during trading, an increase of 68% from the average daily volume of 164,673 shares. The stock had previously closed at GBX 11.20.
Indus Gas Trading Down 10.7%
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 stock has a 50-day simple moving average of GBX 9.75 and a two-hundred day simple moving average of GBX 10.44. The firm has a market capitalization of £18.30 million, a P/E ratio of -0.05 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.
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