Indus Gas Limited (LON:INDI – Get Free Report) rose 11.3% on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 8.85 ($0.11). Approximately 681,484 shares changed hands during mid-day trading, an increase of 179% from the average daily volume of 244,410 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Trading Down 25.0 %
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 firm has a market capitalization of £16.47 million, a price-to-earnings ratio of 112.50 and a beta of 0.70. The business has a 50-day moving average of GBX 8.68 and a two-hundred day moving average of GBX 9.39.
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.
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