Indus Gas (LON:INDI) Shares Up 2.9% – Here’s What Happened
by Doug Wharley · The Cerbat GemIndus Gas Limited (LON:INDI – Get Free Report)’s stock price traded up 2.9% during trading on Monday. The company traded as high as GBX 1.80 and last traded at GBX 1.40. Approximately 2,132,657 shares traded hands during trading, an increase of 7% from the average daily volume of 1,987,221 shares. The stock had previously closed at GBX 1.36.
Indus Gas Stock Performance
The company has a debt-to-equity ratio of 2,711.22, a quick ratio of 0.80 and a current ratio of 0.16. The firm’s 50-day moving average price is GBX 1.40 and its two-hundred day moving average price is GBX 1.40. The firm has a market capitalization of £2.56 million, a price-to-earnings ratio of -0.01 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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.