Indonesia Energy Co. Limited (NYSE:INDO – Get Free Report)’s share price fell 5.2% during trading on Wednesday. The company traded as low as $2.51 and last traded at $2.53. 111,239 shares traded hands during trading, a decline of 91% from the average daily volume of 1,180,040 shares. The stock had previously closed at $2.67.
Indonesia Energy Stock Down 5.2%
The firm’s 50 day moving average is $2.80 and its two-hundred day moving average is $3.28.
Institutional Investors Weigh In On Indonesia Energy
An institutional investor recently bought a new position in Indonesia Energy stock. StoneX Group Inc. acquired a new stake in Indonesia Energy Co. Limited (NYSE:INDO – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,732 shares of the company’s stock, valued at approximately $65,000. StoneX Group Inc. owned about 0.15% of Indonesia Energy at the end of the most recent reporting period. 0.51% of the stock is currently owned by institutional investors and hedge funds.
About Indonesia Energy
Indonesia Energy Corporation Limited (NYSE: INDO) is an independent oil and gas company focused on the exploration, development and production of hydrocarbon resources in Indonesia. The company operates through its Indonesian subsidiaries and emphasizes the acquisition and development of producing and prospective oil and gas assets.
Indonesia Energy’s principal asset is the Kruh Block, an oil-producing property in South Sumatra, Indonesia. The block includes multiple producing fields and additional areas targeted for development, workovers, drilling and enhanced recovery activities.
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