Indonesia Energy (NYSE:INDO) Stock Price Down 2.1% – Here’s Why

Indonesia Energy Co. Limited (NYSE:INDO) traded down 2.1% during mid-day trading on Tuesday . The company traded as low as $4.01 and last traded at $4.18. 555,404 shares changed hands during trading, a decline of 78% from the average session volume of 2,487,949 shares. The stock had previously closed at $4.27.

Indonesia Energy Stock Down 2.1 %

The stock’s 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.29.

Institutional Trading of Indonesia Energy

An institutional investor recently bought a new position in Indonesia Energy stock. Virtu Financial LLC bought a new position in shares of Indonesia Energy Co. Limited (NYSE:INDO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,399 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.14% of Indonesia Energy as of its most recent SEC filing. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Indonesia Energy

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.