Indonesia Energy Co. Limited (NYSE:INDO - Get Free Report)'s share price fell 4.6% on Wednesday . The stock traded as low as $4.72 and last traded at $5.01. 7,494,470 shares were traded during trading, an increase of 244% from the average session volume of 2,181,649 shares. The stock had previously closed at $5.25.
Indonesia Energy Trading Up 1.0%
The company's 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.78.
Institutional Investors Weigh In On Indonesia Energy
A hedge fund recently bought a new stake in Indonesia Energy stock. Goldman Sachs Group Inc. purchased a new stake in shares of Indonesia Energy Co. Limited (NYSE:INDO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,893 shares of the company's stock, valued at approximately $69,000. Goldman Sachs Group Inc. owned approximately 0.18% of Indonesia Energy as of its most recent SEC filing. 0.51% of the stock is owned by hedge funds and other institutional investors.
Indonesia Energy Company Profile
(
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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.
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