Indus Gas (LON:INDI) Shares Up 63.8% – Here’s Why

by · The Cerbat Gem

Indus Gas Limited (LON:INDI – Get Free Report) shares shot up 63.8% on Saturday . The stock traded as high as GBX 14.30 and last traded at GBX 14.30. 1,663,974 shares traded hands during mid-day trading, an increase of 910% from the average session volume of 164,830 shares. The stock had previously closed at GBX 8.73.

Indus Gas Stock Up 63.8%

The firm has a market cap of £26.17 million, a PE ratio of -0.07 and a beta of 0.70. The company has a current ratio of 3.20, a quick ratio of 0.80 and a debt-to-equity ratio of 237.78. The business’s 50-day simple moving average is GBX 10.28 and its 200 day simple moving average is GBX 9.73.

Indus Gas Company Profile

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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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