Indus Gas Limited (LON:INDI – Get Free Report) rose 10.7% during trading on Thursday . The stock 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 Price Performance
The stock’s 50 day simple moving average is GBX 10.12 and its 200-day simple moving average is GBX 10.07. The stock has a market capitalization of £17.42 million, a price-to-earnings ratio of -0.05 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.
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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