Indus Gas (LON:INDI) Trading 63.8% Higher – Time to Buy?

Shares of Indus Gas Limited (LON:INDI) were up 63.8% during mid-day trading on Friday . 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 Trading Up 63.8%

The firm has a 50-day simple moving average of GBX 10.28 and a 200-day simple moving average of GBX 9.66. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The stock has a market cap of £26.17 million, a PE ratio of -0.07 and a beta of 0.70.

Indus Gas Company Profile

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.