Shares of Indus Gas Limited (LON:INDI – Get Free Report) rose 38.4% during mid-day trading on Tuesday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). Approximately 1,314,676 shares traded hands 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 Down 25.0 %
The business’s fifty day simple moving average is GBX 8.66 and its 200 day simple moving average is GBX 9.37. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The stock has a market cap 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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