Indus Gas Limited (LON:INDI – Get Free Report) shares were down 16.7% during trading on Friday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7.25 ($0.09). Approximately 370,905 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 182,484 shares. The stock had previously closed at GBX 8.70 ($0.11).
Indus Gas Trading Down 5.2 %
The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The company has a market cap of £15.10 million, a price-to-earnings ratio of 103.13 and a beta of 0.70. The firm has a 50-day moving average price of GBX 8.44 and a 200 day moving average price of GBX 9.25.
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.
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