Indus Gas Limited (LON:INDI – Get Free Report) rose 63.8% during mid-day trading on Friday . The stock traded as high as GBX 14.30 and last traded at GBX 14.30. Approximately 1,663,974 shares traded hands during trading, an increase of 910% from the average daily volume of 164,830 shares. The stock had previously closed at GBX 8.73.
Indus Gas Price Performance
The company has a market capitalization of £26.17 million, a PE ratio of -0.07 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. The company’s 50 day moving average price is GBX 10.28 and its 200-day moving average price is GBX 9.76.
Indus Gas Company Profile
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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