Indonesia Energy (NYSE:INDO) Shares Up 1.1% – Still a Buy?

Indonesia Energy Co. Limited (NYSE:INDOGet Free Report)’s share price rose 1.1% during trading on Wednesday . The company traded as high as $2.86 and last traded at $2.84. Approximately 109,305 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,036,687 shares. The stock had previously closed at $2.81.

Indonesia Energy Trading Down 1.5 %

The firm has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $3.18.

Indonesia Energy Company Profile

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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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