Indonesia Energy (NYSE:INDO) Shares Down 3.7% – Here’s Why

Indonesia Energy Co. Limited (NYSE:INDOGet Free Report)’s share price fell 3.7% during trading on Friday . The company traded as low as $2.80 and last traded at $2.84. 145,880 shares traded hands during trading, a decline of 94% from the average session volume of 2,314,514 shares. The stock had previously closed at $2.95.

Indonesia Energy Trading Down 3.7 %

The stock has a fifty day moving average of $2.81 and a 200 day moving average of $3.12.

Indonesia Energy Company Profile

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Indonesia Energy Corporation Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering approximately an area of 258 square kilometers located in the Pali, South Sumatra; and the Citarum Block, an exploration block covering approximately an area of 3,924.67 square kilometers located in the onshore of West Java.

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