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

Shares of Indonesia Energy Co. Limited (NYSE:INDO) fell 2.1% on Tuesday . The stock traded as low as $4.01 and last traded at $4.18. 555,404 shares changed hands during mid-day 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 Up 0.5 %

The firm’s fifty day moving average price is $3.55 and its 200-day moving average price is $3.29.

Institutional Investors Weigh In On Indonesia Energy

A hedge fund recently bought a new stake in Indonesia Energy stock. Virtu Financial LLC purchased a new stake in shares of Indonesia Energy Co. Limited (NYSE:INDO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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. 0.51% of the stock is currently owned by hedge funds and other institutional investors.

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.