Indus Gas (LON:INDI) Trading Up 10.7% – Should You Buy?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) shot up 10.7% on Wednesday . The company traded as high as GBX 10.85 and last traded at GBX 10.85. 142,141 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 168,542 shares. The stock had previously closed at GBX 9.80.

Indus Gas Stock Performance

The company has a 50-day moving average of GBX 10.15 and a 200-day moving average of GBX 10.03. The firm has a market capitalization of £19.85 million, a price-to-earnings ratio of -0.06 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

(Get Free Report)

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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