Indus Gas (LON:INDI) Shares Pass Above 50-Day Moving Average of $261.93

Shares of Indus Gas Limited (LON:INDIGet Rating) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Indus Gas Stock Performance

The firm has a market cap of £477.56 million and a price-to-earnings ratio of 2,372.73. 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’s fifty day moving average is GBX 261.93 and its two-hundred day moving average is GBX 249.48.

About Indus Gas

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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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