Indus Gas Limited (LON:INDI – Get Free Report)’s share price shot up 7.5% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 8.55 ($0.11). 529,916 shares changed hands during trading, an increase of 117% from the average session volume of 243,786 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Price Performance
The stock’s 50-day moving average price is GBX 8.68 and its 200 day moving average price is GBX 9.39. 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 firm has a market capitalization of £16.47 million, a price-to-earnings ratio of 112.50 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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