Indus Gas (LON:INDI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Indus Gas Limited (LON:INDIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2.12 and traded as low as GBX 1.32. Indus Gas shares last traded at GBX 1.40, with a volume of 2,132,657 shares.

Indus Gas Stock Up 2.9%

The company has a quick ratio of 0.80, a current ratio of 18.69 and a debt-to-equity ratio of 12,291.05. The company has a market cap of £2.56 million, a P/E ratio of -0.01 and a beta of 0.70. The company has a fifty day moving average of GBX 1.40 and a 200 day moving average of GBX 2.12.

About Indus Gas

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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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