Indus Gas Limited (LON:INDI – Get Free Report) shares shot up 63.8% during mid-day trading on Friday . The stock traded as high as GBX 14.30 and last traded at GBX 14.30. 1,663,975 shares traded hands 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 company has a debt-to-equity ratio of 237.78, a quick ratio of 0.80 and a current ratio of 3.20. The business has a fifty day simple moving average of GBX 10.28 and a 200-day simple moving average of GBX 9.66. The stock has a market capitalization of £26.17 million, a P/E ratio of -0.07 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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