Shares of Indus Gas Limited (LON:INDI – Get Free Report) traded down 8.7% during mid-day trading on Tuesday . The stock traded as low as GBX 2.50 and last traded at GBX 2.56. 91,799 shares traded hands during trading, a decline of 84% from the average session volume of 574,228 shares. The stock had previously closed at GBX 2.81.
Indus Gas Price Performance
The firm has a market capitalization of £4.76 million, a price-to-earnings ratio of -0.01 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The stock’s 50-day moving average price is GBX 7.92 and its 200 day moving average price is GBX 10.12.
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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.
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