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

by · The Cerbat Gem

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

Indus Gas Price Performance

The firm has a market capitalization of £26.17 million, a PE ratio of -0.07 and a beta of 0.70. The stock’s 50 day simple moving average is GBX 10.28 and its two-hundred day simple moving average is GBX 9.76. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20.

Indus Gas Company Profile

(Get Free Report)

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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