Indus Gas (LON:INDI) Shares Up 22.2% – Time to Buy?

Indus Gas Limited (LON:INDIGet Free Report)’s share price traded up 22.2% during trading on Friday . The stock traded as high as GBX 10.75 and last traded at GBX 10.67. 592,423 shares were traded during trading, an increase of 270% from the average session volume of 159,981 shares. The stock had previously closed at GBX 8.73.

Indus Gas Price Performance

The stock has a market cap of £19.94 million, a PE ratio of -0.06 and a beta of 0.70. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20. The business has a 50 day moving average price of GBX 10.28 and a two-hundred day moving average price of GBX 9.66.

About Indus Gas

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Indus Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Indus Gas and related companies with MarketBeat.com's FREE daily email newsletter.