Indus Gas Limited (LON:INDI – Get Free Report)’s share price traded up 18.8% during trading on Tuesday . The company traded as high as GBX 5.70 ($0.08) and last traded at GBX 5.70 ($0.08). 438,037 shares changed hands during mid-day trading, an increase of 588% from the average session volume of 63,686 shares. The stock had previously closed at GBX 4.80 ($0.07).
Indus Gas Trading Down 15.6%
The firm’s 50-day moving average is GBX 5.48 and its 200-day moving average is GBX 6.89. 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 firm has a market cap of £16.30 million, a price-to-earnings ratio of 2.02 and a beta of 0.70.
About Indus Gas
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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