Indus Gas (LON:INDI) Shares Down 4.2% – Time to Sell?

Shares of Indus Gas Limited (LON:INDI) dropped 4.2% on Friday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 7.95 ($0.10). Approximately 409,246 shares changed hands during trading, an increase of 69% from the average daily volume of 242,603 shares. The stock had previously closed at GBX 8.30 ($0.10).

Indus Gas Trading Down 4.2 %

The firm has a market cap of £14.55 million, a P/E ratio of 99.38 and a beta of 0.70. The firm has a fifty day simple moving average of GBX 8.75 and a 200-day simple moving average of GBX 9.49. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80.

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.