Indus Gas (LON:INDI) Shares Surge 23.9% – Is It Still a Good Investment?

Indus Gas Limited (LON:INDI) shares experienced a significant increase of 23.9% on Monday, marking a notable upward trend in the stock's performance. The shares reached a high of GBX 13 ($0.16) during trading, but last traded at GBX 9.85 ($0.12). On this active trading day, around 689,168 shares exchanged hands, which represents a remarkable 182% rise from the average daily trading volume of 244,441 shares. Prior to this surge, the stock had a closing price of GBX 7.95 ($0.10).

Indus Gas Price Performance

The current market capitalization of Indus Gas stands at £16.47 million. The company has a P/E ratio of 112.50 and a beta of 0.70, indicating lower volatility compared to the broader market. The 50-day simple moving average for the stock is recorded at GBX 8.68, while the two-hundred day simple moving average is at GBX 9.39. Financial metrics reveal a quick ratio of 0.80, a current ratio of 2.50, and a notably high debt-to-equity ratio of 236.14, suggesting that the company relies heavily on debt financing.

About Indus Gas

Indus Gas Limited, together with its subsidiaries, operates in the oil and gas sector, focusing on exploration and development activities across Asia and Europe. The company engages in various stages of the oil and gas industry, including exploration, development, production, distribution, and marketing of hydrocarbons, which primarily consist of natural gas and condensate. Indus Gas holds a 90% participating interest in the Block RJ-ON/6, which is a petroleum exploration and development concession that encompasses approximately 4,026 square kilometers in the mid Indus basin located in Rajasthan.

Further Insights

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IndusGas, Stocks, Investment