PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) Sees Large Volume Increase – Time to Buy?

Shares of PT Bank Mandiri Persero TBK (OTCMKTS:PPERY) saw unusually-strong trading volume on Thursday . Approximately 295,185 shares were traded during trading, an increase of 190% from the previous session’s volume of 101,639 shares.The stock last traded at $11.74 and had previously closed at $11.46.

PT Bank Mandiri Persero TBK Trading Up 2.6%

The company’s fifty day moving average is $11.79 and its 200 day moving average is $11.33.

About PT Bank Mandiri Persero TBK

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest banking groups, providing a full range of commercial banking services to corporate, commercial, small and medium-sized enterprises (SMEs) and retail customers. The bank was established in 1998 through a government-led consolidation of four state-owned banks as part of efforts to strengthen the financial system during the Asian financial crisis. Since then it has grown into a diversified financial services franchise offering deposit taking, lending, trade finance, payment and cash management, treasury, and wealth-management services.

Bank Mandiri’s product suite spans traditional retail and corporate banking products — including savings and time deposits, consumer and mortgage loans, working capital and project financing — alongside specialized services such as trade and export-import finance, foreign exchange and treasury solutions, card products, and digital banking channels.