Shares of Indus Gas Limited (LON:INDI – Get Free Report) were up 63.8% during trading on Friday . The stock traded as high as GBX 14.30 and last traded at GBX 14.30. Approximately 1,663,974 shares changed hands during trading, an increase of 910% from the average daily volume of 164,830 shares. The stock had previously closed at GBX 8.73.
Indus Gas Stock Performance
The company has a market cap of £26.17 million, a P/E ratio of -0.07 and a beta of 0.70. The stock has a 50 day moving average price of GBX 10.28 and a two-hundred day moving average price of GBX 9.73. 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.
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