Indus Gas (LON:INDI) Trading 10.7% Higher – What’s Next?

Indus Gas Limited (LON:INDIGet Free Report)’s share price rose 10.7% on Wednesday . The stock traded as high as GBX 10.85 and last traded at GBX 10.85. Approximately 142,141 shares traded hands during 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 Performance

The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78. The stock has a market cap of £19.85 million, a price-to-earnings ratio of -0.06 and a beta of 0.70. The stock’s fifty day moving average is GBX 10.15 and its 200-day moving average is GBX 10.03.

Indus Gas Company Profile

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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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