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 rose 63.8% during mid-day trading on Saturday . The stock traded as high as GBX 14.30 and last traded at GBX 14.30. Approximately 1,663,974 shares were traded 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 Trading Up 63.8%

The stock has a market capitalization of £26.17 million, a P/E 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 stock’s fifty day moving average price is GBX 10.28 and its two-hundred day moving average price is GBX 9.76.

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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