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

by · The Markets Daily

Indus Gas Limited (LON:INDI – Get Free Report)’s stock price rose 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 changed hands 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 Up 63.8%

The business’s 50 day moving average price is GBX 10.28 and its 200 day moving average price is 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. The firm has a market cap of £26.17 million, a PE ratio of -0.07 and a beta of 0.70.

About Indus Gas

(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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