Indus Gas Limited (LON:INDI – Get Free Report) shares were up 38.4% during trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). Approximately 810,154 shares changed hands during trading, an increase of 231% from the average daily volume of 244,939 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Trading Up 38.4 %
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 50 day moving average price of GBX 8.70 and a 200 day moving average price of GBX 9.40. The stock has a market capitalization of £20.13 million, a PE ratio of 137.50 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.
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