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

by · The Markets Daily

Indus Gas Limited (LON:INDI – Get Free Report)’s share price traded up 23.9% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). 689,168 shares changed hands 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 Price Performance

The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14. The company has a market capitalization of £18.02 million, a P/E ratio of 123.13 and a beta of 0.70. The company’s fifty day moving average price is GBX 8.70 and its 200 day moving average price is GBX 9.40.

Indus Gas Company Profile

(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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