Indus Gas (LON:INDI) Stock Price Down 21.7% – Here’s What Happened

Indus Gas Limited (LON:INDI) traded down 21.7% during trading on Monday . The stock traded as low as GBX 1.20 and last traded at GBX 1.73. 419,241 shares changed hands during trading, a decline of 19% from the average session volume of 518,044 shares. The stock had previously closed at GBX 2.21.

Indus Gas Price Performance

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’s fifty day moving average price is GBX 7.31 and its 200-day moving average price is GBX 9.97. The firm has a market cap of £4.39 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.