Indus Gas (LON:INDI) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Indus Gas Limited (LON:INDI)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 7.85 ($0.10) and traded as low as GBX 5.10 ($0.07). Indus Gas shares last traded at GBX 5.30 ($0.07), with a volume of 39,009 shares changing hands.

Indus Gas Price Performance

The firm has a market capitalization of £12.86 million, a price-to-earnings ratio of 1.59 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The company’s fifty day moving average is GBX 6.37 and its two-hundred day moving average is GBX 7.85.

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.