PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY – Get Free Report)’s share price dropped 10.5% on Thursday. The stock traded as low as $6.71 and last traded at $6.71. 6,600 shares traded hands during mid-day trading, an increase of 124% from the average session volume of 2,946 shares. The stock had previously closed at $7.50.
PT Adaro Energy Indonesia Tbk Stock Performance
The stock’s fifty day moving average price is $7.23 and its 200-day moving average price is $6.94.
PT Adaro Energy Indonesia Tbk Company Profile
PT Adaro Energy Indonesia Tbk, formerly known as PT Alamtri Resources Indonesia Tbk following a corporate name change in 2024, is an Indonesian natural-resources and energy company. Historically, the company was best known for producing and selling thermal coal through its mining operations in South Kalimantan, Indonesia, supported by transportation, logistics, and port infrastructure.
Following the 2024 separation of its coal-mining business into PT Adaro Andalan Indonesia Tbk, the company has focused more heavily on non-coal activities.
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