Shares of Indus Gas Limited (LON:INDI – Get Free Report) were up 23.9% 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 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 Trading Up 23.9 %
The business’s fifty day moving average is GBX 8.70 and its 200-day moving average is GBX 9.40. The stock has a market capitalization of £18.02 million, a PE ratio of 123.13 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14.
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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