Indus Gas (LON:INDI) Shares Up 10.7% – What’s Next?

Indus Gas Limited (LON:INDI)’s stock price was up 10.7% during mid-day trading on Wednesday . The company traded as high as GBX 10.85 and last traded at GBX 10.85. Approximately 142,141 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 168,542 shares. The stock had previously closed at GBX 9.80.

Indus Gas Stock Up 10.7%

The company has a market cap of £19.85 million, a P/E ratio of -0.06 and a beta of 0.70. The company has a debt-to-equity ratio of 237.78, a current ratio of 3.20 and a quick ratio of 0.80. The business’s 50 day moving average price is GBX 10.15 and its 200-day moving average price is GBX 10.04.

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.