Indonesia Energy (NYSE:INDO) Shares Down 4.2% – Here’s What Happened

Indonesia Energy Co. Limited (NYSE:INDO)’s stock price traded down 4.2% on Wednesday . The company traded as low as $3.00 and last traded at $3.00. 201,722 shares traded hands during trading, a decline of 91% from the average session volume of 2,360,762 shares. The stock had previously closed at $3.13.

Indonesia Energy Price Performance

The company’s fifty day moving average is $3.66 and its two-hundred day moving average is $3.18.

Institutional Trading of Indonesia Energy

An institutional investor recently bought a new position in Indonesia Energy stock. Virtu Financial LLC bought a new stake in Indonesia Energy Co. Limited (NYSE:INDO) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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 most recent quarter. 0.51% of the stock is owned by institutional investors.

Indonesia Energy Company Profile

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.