Indus Gas (LON:INDI) Shares Up 1.7% – Still a Buy?

Indus Gas Limited (LON:INDI)’s stock price traded up 1.7% on Friday . The stock traded as high as GBX 8.75 ($0.11) and last traded at GBX 8.75 ($0.11). 7,373 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 245,662 shares. The stock had previously closed at GBX 8.60 ($0.11).

Indus Gas Stock Up 1.7 %

The business’s 50 day moving average is GBX 8.84 and its 200-day moving average is GBX 9.63. 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 company has a market cap of £16.01 million, a PE ratio of 109.38 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.