Indus Gas (LON:INDI) Shares Up 10.7% – Should You Buy?

Indus Gas Limited (LON:INDI) rose 10.7% on Wednesday . The company traded as high as GBX 10.85 and last traded at GBX 10.85. Approximately 142,141 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 168,542 shares. The stock had previously closed at GBX 9.80.

Indus Gas Price Performance

The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The stock’s 50-day moving average price is GBX 10.15 and its 200-day moving average price is GBX 10.04. The company has a market capitalization of £19.85 million, a price-to-earnings ratio of -0.06 and a beta of 0.70.

About Indus Gas

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.