Indus Gas (LON:INDI) Shares Up 3.2% – Should You Buy?

Indus Gas Limited (LON:INDI) rose 3.2% on Tuesday . The company traded as high as GBX 1.60 and last traded at GBX 1.60. Approximately 5,143,570 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 2,387,569 shares. The stock had previously closed at GBX 1.55.

Indus Gas Price Performance

The stock has a market capitalization of £2.93 million, a P/E ratio of -0.01 and a beta of 0.70. The company has a 50 day moving average of GBX 6.76 and a 200-day moving average of GBX 9.80. The company has a quick ratio of 0.80, a current ratio of 3.20 and a debt-to-equity ratio of 237.78.

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. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey.