Indus Gas (LON:INDI) Stock Price Down 8.7% – What’s Next?

Indus Gas Limited (LON:INDI)’s share price was down 8.7% during mid-day trading on Tuesday . The company traded as low as GBX 2.50 and last traded at GBX 2.56. Approximately 91,799 shares changed hands during trading, a decline of 84% from the average daily volume of 574,228 shares. The stock had previously closed at GBX 2.81.

Indus Gas Stock Performance

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 has a market capitalization of £4.74 million, a price-to-earnings ratio of -0.01 and a beta of 0.70. The stock’s 50-day simple moving average is GBX 8.20 and its 200 day simple moving average is GBX 10.21.

Indus Gas Company Profile

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.