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

Indus Gas Limited (LON:INDI) fell 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 were traded 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 Stock Down 4.2 %

The firm’s 50-day simple moving average is GBX 8.70 and its 200-day simple moving average is GBX 9.44. 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 company has a market capitalization of £14.55 million, a price-to-earnings 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.