PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY) Trading Up 3% – Still a Buy?

PT Adaro Energy Indonesia Tbk (OTCMKTS:ADOOY)’s share price rose 3% during trading on Wednesday . The company traded as high as $6.90 and last traded at $6.90. Approximately 2,826 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 1,754 shares. The stock had previously closed at $6.70.

PT Adaro Energy Indonesia Tbk Stock Up 3.0%

The firm’s fifty day moving average price is $5.85 and its 200-day moving average price is $5.61.

About PT Adaro Energy Indonesia Tbk

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.