Indus Gas (LON:INDI) Share Price Crosses Above Fifty Day Moving Average of $261.93

Shares of Indus Gas Limited (LON:INDIGet Rating) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 261.93 ($3.16) and traded as high as GBX 270 ($3.26). Indus Gas shares last traded at GBX 261 ($3.15), with a volume of 1 shares trading hands.

Indus Gas Stock Performance

The business’s 50-day moving average price is GBX 262.45 and its 200-day moving average price is GBX 249.72. The company has a debt-to-equity ratio of 273.37, a quick ratio of 5.08 and a current ratio of 5.36. The stock has a market cap of ¬£472.07 million and a P/E ratio of 2,345.45.

Indus Gas Company Profile

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Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in Asia and Europe. The company is involved in the exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. It owns a 90% participating interest in the Block RJ-ON/6, a petroleum exploration and development concession covering an area of approximately 2,176 square kilometers located in onshore mid Indus basin, Rajasthan.

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