Indus Gas (LON:INDI) Shares Down 12.1% – Here’s Why

Indus Gas Limited (LON:INDI)’s stock price traded down 12.1% during mid-day trading on Tuesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.62 ($0.07). 116,705 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 63,961 shares. The stock had previously closed at GBX 6.40 ($0.08).

Indus Gas Stock Up 4.6 %

The business has a 50 day simple moving average of GBX 6.83 and a 200-day simple moving average of GBX 8.36. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20. The firm has a market capitalization of £13.83 million, a price-to-earnings ratio of 1.71 and a beta of 0.70.

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.