Indus Gas (LON:INDI) Stock Price Up 3% – What’s Next?

Indus Gas Limited (LON:INDI)’s stock price was up 3% during mid-day trading on Tuesday . The stock traded as high as GBX 7.70 ($0.10) and last traded at GBX 6.90 ($0.09). Approximately 43,618 shares traded hands during trading, a decline of 48% from the average daily volume of 84,305 shares. The stock had previously closed at GBX 6.70 ($0.08).

Indus Gas Stock Up 3.0 %

The company has a 50-day moving average of GBX 7.99 and a 200-day moving average of GBX 9.18. The company has a market capitalization of £16.74 million, a price-to-earnings ratio of 2.07 and a beta of 0.70. The company has a current ratio of 3.20, a quick ratio of 0.80 and a debt-to-equity ratio of 237.78.

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.