Shares of Indus Gas Limited (LON:INDI – Get Free Report) rose 11.3% during trading on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 8.85 ($0.11). Approximately 681,484 shares were traded during trading, an increase of 179% from the average daily volume of 244,410 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Performance
The firm’s fifty day moving average is GBX 8.70 and its 200 day moving average is GBX 9.40. The firm has a market capitalization of £16.38 million, a price-to-earnings ratio of 111.88 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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