PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report)’s stock price traded up 3.8% during trading on Wednesday . The stock traded as high as $6.60 and last traded at $6.60. Approximately 988 shares changed hands during trading, a decline of 74% from the average session volume of 3,736 shares. The stock had previously closed at $6.36.
PT Adaro Energy Indonesia Tbk Price Performance
The stock’s fifty day simple moving average is $6.76 and its two-hundred day simple moving average is $6.57.
PT Adaro Energy Indonesia Tbk Company Profile
PT Adaro Energy Indonesia Tbk is one of Indonesia’s leading integrated energy companies, primarily engaged in the exploration, mining, and trading of thermal coal. Established in 2004 and headquartered in Jakarta, the company’s core operations are centered on its flagship coal mine in South Kalimantan, which comprises the expansive Tutupan and Paringin mining complexes. Adaro Energy’s business model extends beyond coal production to include an integrated logistics network and value-added services designed to optimize supply chain efficiency.
In addition to coal extraction, Adaro Energy operates a comprehensive logistics infrastructure that includes heavy-haul railways, barge fleets, and port facilities.
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