Shares of Indus Gas Limited (LON:INDI – Get Free Report) were up 23.9% during trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). Approximately 689,168 shares changed hands 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 Stock Down 25.0 %
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 stock’s 50 day simple moving average is GBX 8.68 and its 200 day simple moving average is GBX 9.39. The firm has a market cap of £16.47 million, a P/E ratio of 112.50 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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