Indus Gas (LON:INDI) Stock Price Down 22.2% – Should You Sell?

Shares of Indus Gas Limited (LON:INDI) traded down 22.2% during mid-day trading on Tuesday . The stock traded as low as GBX 7 ($0.09) and last traded at GBX 7 ($0.09). 161,871 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 117,748 shares. The stock had previously closed at GBX 9 ($0.11).

Indus Gas Trading Down 2.0 %

The firm has a 50 day simple moving average of GBX 8.35 and a 200 day simple moving average of GBX 9.17. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The firm has a market capitalization of £14.34 million, a PE ratio of 98.00 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.