Indus Gas (LON:INDI) Stock Price Up 23.9% – Time to Buy?

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) shares shot up 23.9% on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). 689,168 shares were traded during mid-day trading, an increase of 182% from the average session volume of 244,441 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Stock Up 38.4 %

The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The stock’s 50-day moving average price is GBX 8.70 and its 200-day moving average price is GBX 9.40. The company has a market cap of £20.13 million, a P/E ratio of 137.50 and a beta of 0.70.

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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