Indus Gas Limited (LON:INDI – Get Free Report) was down 10.9% on Friday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7.75 ($0.10). Approximately 357,032 shares were traded during mid-day trading, an increase of 96% from the average daily volume of 182,484 shares. The stock had previously closed at GBX 8.70 ($0.11).
Indus Gas Stock Performance
The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The firm 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 fifty day simple moving average of GBX 8.42 and a two-hundred day simple moving average of GBX 9.23.
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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