Indus Gas Limited (LON:INDI – Get Free Report) rose 16.3% during mid-day trading on Friday . The company traded as high as GBX 10.70 and last traded at GBX 10.16. Approximately 514,216 shares changed hands during trading, an increase of 222% from the average daily volume of 159,628 shares. The stock had previously closed at GBX 8.73.
Indus Gas Stock Performance
The company’s fifty day simple moving average is GBX 10.28 and its two-hundred day simple moving average is GBX 9.66. 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 stock has a market capitalization of £19.51 million, a P/E ratio of -0.05 and a beta of 0.70.
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.
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