Shares of Indus Gas Limited (LON:INDI – Get Free Report) rose 38.4% during mid-day trading 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 mid-day 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 Stock Down 25.0 %
The company has a 50 day moving average of GBX 8.68 and a 200-day moving average of GBX 9.39. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The company has a market cap of £16.47 million, a P/E ratio of 112.50 and a beta of 0.70.
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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