Indus Gas Limited (LON:INDI – Get Free Report)’s stock price shot up 38.4% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). 1,314,676 shares changed hands during trading, an increase of 432% from the average session volume of 247,015 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Price Performance
The firm has a market cap of £16.47 million, a price-to-earnings ratio of 112.50 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14. The company’s 50-day moving average price is GBX 8.68 and its 200-day moving average price is GBX 9.39.
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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