Indus Gas Limited (LON:INDI – Get Free Report)’s stock price was up 21.4% during mid-day trading on Friday . The company traded as high as GBX 10.75 and last traded at GBX 10.60. 695,683 shares traded hands during mid-day trading, an increase of 334% from the average session volume of 160,449 shares. The stock had previously closed at GBX 8.73.
Indus Gas Stock Up 24.9%
The firm has a fifty day simple moving average of GBX 10.28 and a 200 day simple moving average of GBX 9.66. The company has a market cap of £19.94 million, a PE ratio of -0.06 and a beta of 0.70. The company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20.
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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