Indus Gas (LON:INDI) Stock Price Up 38.4% – Here’s Why

by · The Markets Daily

Shares of Indus Gas Limited (LON:INDI – Get Free Report) were up 38.4% on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). Approximately 1,314,676 shares changed hands during trading, an increase of 432% from the average daily volume of 247,015 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Trading Up 38.4 %

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