PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Shares Down 2.2% – Here’s Why
by Amy Steele · The Cerbat GemShares of PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report) were down 2.2% on Monday . The stock traded as low as $7.0250 and last traded at $7.0250. Approximately 274 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 4,763 shares. The stock had previously closed at $7.18.
PT Adaro Energy Indonesia Tbk Stock Performance
The firm’s 50-day moving average price is $6.76 and its 200-day moving average price is $5.90.
About PT Adaro Energy Indonesia Tbk
PT Adaro Energy Indonesia Tbk is one of Indonesia’s leading integrated energy companies, primarily engaged in the exploration, mining, and trading of thermal coal. Established in 2004 and headquartered in Jakarta, the company’s core operations are centered on its flagship coal mine in South Kalimantan, which comprises the expansive Tutupan and Paringin mining complexes. Adaro Energy’s business model extends beyond coal production to include an integrated logistics network and value-added services designed to optimize supply chain efficiency.
In addition to coal extraction, Adaro Energy operates a comprehensive logistics infrastructure that includes heavy-haul railways, barge fleets, and port facilities.