Shares of Indonesia Energy Co. Limited (NYSE:INDO – Get Free Report) jumped 1.3% in Wednesday trading. The stock hit a high of $2.82 and last traded at $2.69. 137,052 shares changed hands during the trading, down 88% from the session’s average volume of 1,126,869 shares. The stock had previously closed at $2.65.
Evolution of energy prices in Indonesia
The stock has a 50-day moving average price of $3.29 and a two-hundred-day moving average price of $2.95.
Indonesian Energy Institutional Negotiation
A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC acquired a new position in shares of Indonesia Energy Co. Limited (NYSE:INDO – Free Report) in the first quarter, according to its latest filing with the Securities & Exchange Commission. The fund acquired 14,399 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.14% of Indonesia Energy at the end of the last quarter. 0.51% of the shares are held by institutional investors.
About Indonesia Energy
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Indonesia Energy Corporation Limited is an oil and gas exploration and production company in Indonesia. The company holds interests in the Kruh Block, a production block covering an area of 258 square kilometers with net proven crude oil reserves of 2.06 million barrels located northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.
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