Indus Gas Limited (LON:INDI – Get Free Report)’s stock price shot up 23.9% on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). 678,822 shares changed hands during mid-day trading, an increase of 178% from the average session volume of 244,399 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Performance
The firm has a 50 day moving average price of GBX 8.70 and a 200-day moving average price of GBX 9.40. The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The company has a market cap of £16.38 million, a P/E ratio of 111.88 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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