Indus Gas Limited (LON:INDI – Get Free Report) shares dropped 10.9% on Tuesday . The company traded as low as GBX 14.10 ($0.18) and last traded at GBX 15.50 ($0.20). Approximately 2,204,439 shares changed hands during mid-day trading, an increase of 614% from the average daily volume of 308,910 shares. The stock had previously closed at GBX 17.40 ($0.22).
Indus Gas Stock Down 8.1 %
The firm’s 50 day simple moving average is GBX 37.08 and its 200-day simple moving average is GBX 71.04. The company has a debt-to-equity ratio of 235.81, a current ratio of 4.15 and a quick ratio of 0.80. The company has a market cap of £24.88 million, a price-to-earnings ratio of 115.38 and a beta of 0.38.
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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