PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Trading Down 2.3% – Time to Sell?

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOYGet Free Report)’s share price dropped 2.3% during trading on Friday . The stock traded as low as $5.40 and last traded at $5.40. Approximately 2,196 shares were traded during trading, a decline of 61% from the average daily volume of 5,657 shares. The stock had previously closed at $5.53.

PT Adaro Energy Indonesia Tbk Trading Down 2.3 %

The firm has a 50-day moving average price of $6.69 and a 200 day moving average price of $9.94.

PT Adaro Energy Indonesia Tbk Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, January 13th were given a dividend of $0.3294 per share. The ex-dividend date was Monday, January 13th. PT Adaro Energy Indonesia Tbk’s dividend payout ratio (DPR) is presently 40.19%.

About PT Adaro Energy Indonesia Tbk

(Get Free Report)

PT Adaro Energy Indonesia Tbk, together with its subsidiaries, engages in coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.

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