PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Trading 5.6% Higher – Should You Buy?

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) rose 5.6% during trading on Tuesday . The company traded as high as $5.70 and last traded at $5.70. Approximately 3,179 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 3,194 shares. The stock had previously closed at $5.40.

PT Adaro Energy Indonesia Tbk Trading Up 5.6%

The stock’s fifty day moving average is $5.59 and its two-hundred day moving average is $5.55.

PT Adaro Energy Indonesia Tbk Company Profile

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.