Indus Gas Limited (LON:INDI – Get Free Report)’s share price fell 28.5% during mid-day trading on Wednesday . The company traded as low as GBX 2.50 and last traded at GBX 2.60. 245,897 shares changed hands during trading, an increase of 1% from the average session volume of 243,181 shares. The stock had previously closed at GBX 3.64.
Indus Gas Stock Performance
The company’s 50-day moving average price is GBX 8.47 and its 200 day moving average price is GBX 10.23. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20. The stock has a market capitalization of £5.09 million, a PE ratio of -0.01 and a beta of 0.70.
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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.
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