Indus Gas Limited (LON:INDI – Get Free Report) shares were up 44.7% on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11.50 ($0.14). Approximately 741,193 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 244,655 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Trading Up 38.4 %
The firm’s 50-day simple moving average is GBX 8.70 and its 200-day simple moving average is GBX 9.40. The firm has a market capitalization of £20.13 million, a P/E ratio of 137.50 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 2.50 and a debt-to-equity ratio of 236.14.
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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