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

Indus Gas Limited (LON:INDI)’s share price shot up 6.7% during trading on Monday . The company traded as high as GBX 9 ($0.11) and last traded at GBX 8.80 ($0.11). 291,469 shares changed hands during 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 company has a debt-to-equity ratio of 236.14, a quick ratio of 0.80 and a current ratio of 2.50. The company has a market cap of £13.81 million, a PE ratio of 94.38 and a beta of 0.70. The stock’s 50-day simple moving average is GBX 8.41 and its 200 day simple moving average is GBX 9.17.

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.