Indonesia Energy (NYSE:INDO) Shares Up 1.3%

Indonesia Energy Co. Limited (NYSE:INDO) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $2.82 and last traded at $2.69. 137,052 shares changed hands during trading, a decline of 88% from the average session volume of 1,126,869 shares. The stock had previously closed at $2.65.

Indonesia Energy Price Performance

The stock has a 50-day moving average price of $3.29 and a two-hundred day moving average price of $2.95.

Institutional Trading of Indonesia Energy

A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC acquired a new position in shares of Indonesia Energy Co. Limited (NYSE:INDO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.

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.