Indus Gas (LON:INDI) Reaches New 52-Week Low – Should You Sell?

Indus Gas Limited (LON:INDI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 3.45 and last traded at GBX 3.74, with a volume of 739935 shares traded. The stock had previously closed at GBX 3.77.

Indus Gas Stock Performance

The business’s 50 day moving average is GBX 8.88 and its two-hundred day moving average is GBX 10.36. The company has a market cap of £6.84 million, a PE ratio of -0.02 and a beta of 0.70. The company has a current ratio of 3.20, a quick ratio of 0.80 and a debt-to-equity ratio of 237.78.

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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.