GASCO shares rise 50% in a month

29/08/2022 Argaam Special
Logo ofNational Gas and Industrialization Co. (GASCO)

Logo of National Gas and Industrialization Co. (GASCO)


Shares of National Gas and Industrialization Co. (GASCO) registered a 50% increase in one month.

 

The stock gained 7% during today’s session, with 2.6 million shares traded so far.

 

The company’s share continued to rise, hitting its maximum today at SAR 63.50.

 

GASCO was set up in 1963 by merging the National Gas Company with Saudi Manufacturing and Gas Company. In 1975, the Saudi government merged all other gas companies into GASCO.

 

The company specializes in the filling and distributing gas for residential and commercial uses.

 

Stock Performance

Annual high (SAR)

64.50

Sept. 6, 2021

Annual low (SAR))

39.45

July 18, 2022

Historical high (SAR)

185.75

Feb. 21, 2006

Historical low (SAR)

7.50

Dec. 19, 1998

Highest trading volume (mln shares)

18.40

Nov. 26, 2004

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR) 

2.41

Operating P/E (last 12 months) (x) 

26.35

Book value (SAR) 

23.00

P/B ratio (x) 

2.76

 

The company increased its capital once through bonus shares distribution. The capital currently stands at SAR 750 million.

 

Capital (SAR mln)

Date

Method of Increase

Previous Capital

New Capital

Change

2001

Bonus issue

500

750

+ 50%

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