Indonesia Energy (NYSE:INDO) Shares Down 4.2% – Time to Sell?

Indonesia Energy Co. Limited (NYSE:INDO) shares traded down 4.2% during trading on Wednesday . The company traded as low as $3.00 and last traded at $3.00. 201,722 shares were traded during trading, a decline of 91% from the average session volume of 2,360,762 shares. The stock had previously closed at $3.13.

Indonesia Energy Price Performance

The company’s 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $3.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Indonesia Energy stock. Virtu Financial LLC bought a new position in Indonesia Energy Co. Limited (NYSE:INDO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,399 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.14% of Indonesia Energy as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors.

Indonesia Energy Company Profile

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.