Indus Gas (LON:INDI) Shares Up 6.7% – What’s Next?

Indus Gas Limited (LON:INDI)’s share price traded up 6.7% during mid-day trading on Monday . The stock traded as high as GBX 9 ($0.11) and last traded at GBX 8.80 ($0.11). 291,469 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 264,192 shares. The stock had previously closed at GBX 8.25 ($0.10).

Indus Gas Stock Performance

The firm’s fifty day moving average price is GBX 8.41 and its 200-day moving average price is GBX 9.17. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14. The firm has a market cap of £13.81 million, a price-to-earnings ratio of 94.38 and a beta of 0.70.

Indus Gas Company Profile

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.