Indus Gas (LON:INDI) Stock Price Up 63.8% – Here’s What Happened

Indus Gas Limited (LON:INDI)’s share price shot up 63.8% during mid-day trading on Saturday . The company traded as high as GBX 14.30 and last traded at GBX 14.30. 1,663,974 shares were traded during mid-day trading, an increase of 910% from the average session volume of 164,830 shares. The stock had previously closed at GBX 8.73.

Indus Gas Price Performance

The stock has a fifty day moving average of GBX 10.28 and a 200-day moving average of GBX 9.76. The firm has a market capitalization of £26.17 million, a P/E ratio of -0.07 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78.

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.