Indus Gas (LON:INDI) Stock Price Up 23.9% – Still a Buy?

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

Indus Gas Trading Up 23.9 %

The stock’s 50-day simple moving average is GBX 8.70 and its two-hundred day simple moving average is GBX 9.40. 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 firm has a market capitalization of £18.02 million, a P/E ratio of 123.13 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.