Indus Gas (LON:INDI) Shares Down 4.2% – Should You Sell?

Shares of Indus Gas Limited (LON:INDI) dropped 4.2% during trading on Saturday . The stock traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). Approximately 409,246 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Stock Down 4.2 %

The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14. The business has a 50-day simple moving average of GBX 8.70 and a two-hundred day simple moving average of GBX 9.40. The stock has a market capitalization of £14.55 million, a P/E ratio of 99.38 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.