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

Indonesia Energy Co. Limited (NYSE:INDO) traded down 4.2% on Wednesday . The company traded as low as $3.00 and last traded at $3.00. 201,722 shares were traded 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 Stock Performance

The firm has a 50-day moving average price of $3.65 and a 200-day moving average price of $3.19.

Institutional Investors Weigh In On Indonesia Energy

A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC purchased a new stake in shares of Indonesia Energy Co. Limited (NYSE:INDO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 currently owned by institutional investors and hedge funds.

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.