Indus Gas (LON:INDI) Stock Price Up 38.4% – Here’s What Happened

Indus Gas Limited (LON:INDI) shot up 38.4% during mid-day trading on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). 810,154 shares traded hands during trading, an increase of 231% from the average session volume of 244,939 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Trading Up 38.4 %

The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The company has a 50-day moving average of GBX 8.70 and a 200 day moving average of GBX 9.40. The company has a market cap of £20.13 million, a PE ratio of 137.50 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.