Indus Gas (LON:INDI) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Indus Gas Limited (LON:INDI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 13.53 ($0.18) and traded as low as GBX 9.60 ($0.12). Indus Gas shares last traded at GBX 10.25 ($0.13), with a volume of 49,587 shares.

Indus Gas Stock Down 3.4 %

The stock’s 50 day simple moving average is GBX 11.23 and its two-hundred day simple moving average is GBX 13.53. The firm has a market cap of £18.11 million, a P/E ratio of 128.13 and a beta of 0.70. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80.

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.