PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Trading Up 35% – Time to Buy?

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF)’s stock price was up 35% during trading on Tuesday . The stock traded as high as $0.3384 and last traded at $0.3384. Approximately 45,000 shares traded hands during trading, a decline of 75% from the average daily volume of 181,048 shares. The stock had previously closed at $0.2506.

PT Bank Mandiri (Persero) Tbk Price Performance

The stock’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.30.

PT Bank Mandiri (Persero) Tbk Company Profile

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.