Indus Gas (LON:INDI) Trading Up 23.9% – What’s Next?

Indus Gas Limited (LON:INDI)’s share price traded up 23.9% on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 9.85 ($0.12). 689,168 shares changed hands during trading, an increase of 182% from the average session volume of 244,441 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Stock Performance

The stock has a market cap of £20.13 million, a P/E ratio of 137.50 and a beta of 0.70. The company has a debt-to-equity ratio of 236.14, a current ratio of 2.50 and a quick ratio of 0.80. The stock has a 50-day simple moving average of GBX 8.70 and a 200-day simple moving average of GBX 9.40.

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.