Indago Energy (ASX:INK) Shares Down 10.3%

Indago Energy Ltd (ASX:INK) shares were down 10.3% on Monday . The stock traded as low as A$0.07 ($0.05) and last traded at A$0.07 ($0.05), approximately 200,000 shares traded hands during trading. An increase of 166% from the average daily volume of 75,202 shares. The stock had previously closed at A$0.08 ($0.06).

The company has a market cap of $19.75 million and a P/E ratio of -4.67. The company’s 50-day moving average is A$0.08 and its two-hundred day moving average is A$0.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.06 and a quick ratio of 6.19.

About Indago Energy (ASX:INK)

Indago Energy Limited engages in evaluating, exploring, and developing oil and gas prospects, and technologies in North America and internationally. The company offers clean oil technology that allows for the swift, clean, and treatment of heavy, asphaltenic, and paraffinic oils. As of December 31, 2017, it held interests in the Newkirk project that covered an area of 3,149 acres located in Kay and Noble Counties, Oklahoma; and the Kentucky project, which covered an area of 1,786 acres located in Butler and Warren Counties, Kentucky.

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