Indus Gas Limited (LON:INDI – Get Free Report)’s stock price dropped 28.5% during trading on Wednesday . The company traded as low as GBX 2.50 and last traded at GBX 2.60. Approximately 245,897 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 243,181 shares. The stock had previously closed at GBX 3.64.
Indus Gas Price Performance
The firm has a market cap of £5.27 million, a PE ratio of -0.01 and a beta of 0.70. The firm has a fifty day simple moving average of GBX 8.76 and a two-hundred day simple moving average of GBX 10.34. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20.
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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