Shares of Indus Gas Limited (LON:INDI – Get Free Report) shot up 44.7% during trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 11.50 ($0.14). 741,193 shares changed hands during trading, an increase of 203% from the average session volume of 244,655 shares. The stock had previously closed at GBX 7.95 ($0.10).
Indus Gas Price Performance
The business’s 50 day moving average is GBX 8.70 and its two-hundred day moving average is GBX 9.40. The company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The firm has a market capitalization of £20.13 million, a PE ratio of 137.50 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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