PT Bumi Resources Tbk (OTCMKTS:PBMRF) Shares Pass Above Two Hundred Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemPT Bumi Resources Tbk (OTCMKTS:PBMRF – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.01 and traded as high as $0.0215. PT Bumi Resources Tbk shares last traded at $0.0215, with a volume of 141,292 shares trading hands.
PT Bumi Resources Tbk Price Performance
The business has a 50 day simple moving average of $0.01 and a 200 day simple moving average of $0.01.
PT Bumi Resources Tbk Company Profile
PT Bumi Resources Tbk is one of Indonesia’s leading coal producers and serves as the flagship mining subsidiary of the Bakrie Group. The company focuses on the extraction and sale of thermal coal through large-scale open-pit operations, catering to both domestic power utilities and international customers. Its shares are listed on the Indonesia Stock Exchange, reflecting its prominence in the country’s natural resources sector.
Key assets under Bumi Resources include PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, which together rank among the world’s highest-volume coal concessions.