Indus Gas (LON:INDI) Stock Price Up 63.8% – Should You Buy?

by · The Markets Daily

Indus Gas Limited (LON:INDI – Get Free Report) rose 63.8% 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 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 Stock Performance

The company has a market capitalization of £26.17 million, a PE ratio of -0.07 and a beta of 0.70. The company has a 50 day moving average of GBX 10.28 and a two-hundred day moving average of GBX 9.73. The company has a debt-to-equity ratio of 237.78, a current ratio of 3.20 and a quick ratio of 0.80.

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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