Indus Gas (LON:INDI) Trading 10.7% Higher – Here’s Why

Indus Gas Limited (LON:INDIGet Free Report) shares rose 10.7% during mid-day trading on Wednesday . The stock traded as high as GBX 10.85 and last traded at GBX 10.85. Approximately 142,141 shares traded hands during 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 stock has a 50-day simple moving average of GBX 10.14 and a 200 day simple moving average of GBX 10.04. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20. The company has a market cap of £17.66 million, a P/E ratio of -0.05 and a beta of 0.70.

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.

Featured Articles

Receive News & Ratings for Indus Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Indus Gas and related companies with MarketBeat.com's FREE daily email newsletter.