Indus Gas (LON:INDI) Trading 28% Higher – What’s Next?

Indus Gas Limited (LON:INDI – Get Free Report) shares shot up 28% during mid-day trading on Wednesday . The company traded as high as GBX 12.10 and last traded at GBX 10.50. 335,729 shares were traded during trading, an increase of 106% from the average session volume of 162,694 shares. The stock had previously closed at GBX 8.20.

Indus Gas Trading Down 3.1%

The stock has a market capitalization of £17.38 million, a P/E ratio of -0.05 and a beta of 0.70. The stock’s fifty day moving average price is GBX 9.75 and its 200 day moving average price is GBX 10.43. The company has a debt-to-equity ratio of 237.78, a current ratio of 3.20 and a quick ratio of 0.80.

About Indus Gas

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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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