Indus Gas (LON:INDI) Shares Down 4.2% – Time to Sell?

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

Indus Gas Price Performance

The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The stock has a market cap of £14.55 million, a P/E ratio of 99.38 and a beta of 0.70. The firm has a 50-day moving average price of GBX 8.70 and a 200-day moving average price of GBX 9.40.

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.