Indonesia Energy Co. Limited (NYSE:INDO – Get Free Report)’s stock price was up 3.8% during trading on Friday . The stock traded as high as $3.06 and last traded at $3.03. 395,999 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,741,369 shares. The stock had previously closed at $2.92.
Indonesia Energy Stock Performance
The business has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $3.54.
Institutional Investors Weigh In On Indonesia Energy
Hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. purchased a new position in shares of Indonesia Energy in the 1st quarter valued at about $53,000. Virtu Financial LLC lifted its stake in Indonesia Energy by 50.2% in the fourth quarter. Virtu Financial LLC now owns 15,115 shares of the company’s stock worth $44,000 after acquiring an additional 5,054 shares during the last quarter. XTX Topco Ltd acquired a new position in Indonesia Energy during the 4th quarter worth approximately $90,000. T3 Companies LLC acquired a new position in Indonesia Energy during the 4th quarter worth approximately $71,000. Finally, R Squared Ltd increased its position in shares of Indonesia Energy by 201.2% in the 4th quarter. R Squared Ltd now owns 45,814 shares of the company’s stock valued at $134,000 after purchasing an additional 30,601 shares during the last quarter. Institutional investors and hedge funds own 0.51% of the company’s stock.
About Indonesia Energy
Indonesia Energy Corporation Limited (NYSE: INDO) is a coal-focused energy company principally engaged in the exploration, development and production of thermal coal resources in Indonesia. Headquartered in Jakarta, the company leverages Indonesia’s abundant coal reserves to supply power generation markets at home and abroad. Its business model centers on identifying highâquality coal seams, securing mining concessions, and advancing projects from exploration through to commercial production.
The company’s core assets are located in South Sumatra Province, where it holds adjacent coal concessions that offer access to steam coal suited for electricity generation.
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