Indus Gas Limited (LON:INDI – Get Free Report) rose 38.4% during trading on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). Approximately 1,314,676 shares were traded during mid-day trading, an increase of 432% from the average daily volume of 247,015 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Performance
The firm’s 50-day moving average price is GBX 8.70 and its 200-day moving average price is GBX 9.40. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The stock has a market cap of £20.13 million, a P/E ratio of 137.50 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.
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