Indus Gas (LON:INDI) Trading 38.4% Higher – Should You Buy?

Shares of Indus Gas Limited (LON:INDI) traded up 38.4% during mid-day trading on Monday . The stock traded as high as GBX 13 ($0.16) and last traded at GBX 11 ($0.14). 810,154 shares were traded during mid-day trading, an increase of 231% from the average session volume of 244,939 shares. The stock had previously closed at GBX 7.95 ($0.10).

Indus Gas Stock Performance

The business’s 50-day simple moving average is GBX 8.70 and its 200 day simple moving average is GBX 9.40. The firm 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 quick ratio of 0.80 and a current ratio of 2.50.

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.