Shares of Indus Gas Limited (LON:INDI – Get Free Report) rose 23.9% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). Approximately 678,822 shares were traded during mid-day trading, an increase of 178% from the average daily volume of 244,399 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Stock Down 25.0 %
The firm has a market cap of £16.47 million, a PE ratio of 112.50 and a beta of 0.70. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The firm has a 50 day moving average price of GBX 8.68 and a 200-day moving average price of GBX 9.39.
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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