Indus Gas (LON:INDI) Stock Passes Below 200-Day Moving Average – Here’s Why

Indus Gas Limited (LON:INDI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.24 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’s 50 day moving average price is GBX 1.40 and its two-hundred day moving average price is GBX 3.24. The company has a current ratio of 18.69, a quick ratio of 0.80 and a debt-to-equity ratio of 12,291.05. The stock has a market cap of £2.56 million, a P/E ratio of -0.01 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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.