Indus Gas Limited (LON:INDI – Get Free Report) traded up 21.4% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.65 ($0.12). 607,143 shares changed hands during trading, an increase of 149% from the average session volume of 244,104 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Performance
The stock has a 50 day moving average price of GBX 8.70 and a two-hundred day moving average price of GBX 9.40. The company has a market capitalization of £18.48 million, a price-to-earnings ratio of 126.25 and a beta of 0.70. 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.
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