Indonesia Energy (NYSE:INDO) Stock Price Down 4.2% – Here’s Why

Shares of Indonesia Energy Co. Limited (NYSE:INDO) were down 4.2% on Wednesday . The stock traded as low as $3.00 and last traded at $3.00. Approximately 201,722 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,360,762 shares. The stock had previously closed at $3.13.

Indonesia Energy Stock Performance

The stock’s 50 day moving average is $3.66 and its two-hundred day moving average is $3.18.

Institutional Trading of Indonesia Energy

A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC purchased a new stake in Indonesia Energy Co. Limited (NYSE:INDO) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm 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 reporting period. 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.