Indonesia Energy (NYSE:INDO) Shares Down 10.1% – Here’s What Happened

Indonesia Energy Co. Limited (NYSE:INDOGet Free Report) shares traded down 10.1% during mid-day trading on Tuesday . The stock traded as low as $2.92 and last traded at $2.93. 863,657 shares were traded during mid-day trading, a decline of 39% from the average session volume of 1,413,094 shares. The stock had previously closed at $3.26.

Indonesia Energy Stock Down 10.1 %

The stock’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.15.

About Indonesia Energy

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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.

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