Indonesia Energy (NYSE:INDO) Stock Price Down 22.4%

Indonesia Energy Co. Limited (NYSE:INDO)’s stock price fell 22.4% during mid-day trading on Tuesday . The company traded as low as $4.57 and last traded at $4.72. 6,694,105 shares traded hands during mid-day trading, an increase of 385% from the average session volume of 1,379,528 shares. The stock had previously closed at $6.08.

Indonesia Energy Stock Up 9.2 %

The business’s 50 day moving average price is $2.62 and its 200-day moving average price is $2.90.

Institutional Trading of Indonesia Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in Indonesia Energy during the 1st quarter worth $6,621,000. Bank of America Corp DE acquired a new stake in Indonesia Energy during the 4th quarter worth $410,000. Jane Street Group LLC acquired a new stake in Indonesia Energy during the 1st quarter worth $570,000. Susquehanna International Group LLP acquired a new stake in Indonesia Energy during the 4th quarter worth $111,000. Finally, Virtu Financial LLC acquired a new stake in Indonesia Energy during the 4th quarter worth $101,000. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Indonesia Energy

Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. The company holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.06 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java.