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

Indonesia Energy Co. Limited (NYSE:INDOGet Free Report)’s stock price fell 3.7% during mid-day trading on Friday . The company traded as low as $2.80 and last traded at $2.84. 145,880 shares were traded during mid-day 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 Price Performance

The stock has a 50-day simple moving average of $2.81 and a 200-day simple moving average of $3.12.

Indonesia Energy Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Indonesia Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Indonesia Energy and related companies with MarketBeat.com's FREE daily email newsletter.