Indus Gas (LON:INDI) Trading Up 23.9% – What’s Next?

Indus Gas Limited (LON:INDI) shares were up 23.9% during trading on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). Approximately 689,168 shares were traded during trading, an increase of 182% from the average daily volume of 244,441 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Trading Up 23.9 %

The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The stock has a market cap of £18.02 million, a PE ratio of 123.13 and a beta of 0.70. The stock has a 50-day moving average price of GBX 8.70 and a two-hundred day moving average price of GBX 9.40.

Indus Gas Company Profile

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.