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Benzinga
Benzinga
Business
Henry Khederian

Why Indonesia Energy Shares Are Rising

Indonesia Energy Indonesia Indonesia Energy Corp Ltd

Shares of small-cap oil company Indonesia Energy Corp Ltd (NASDAQ:INDO) are trading higher by 105.5% at $41.52 on continued momentum. The move higher has occurred despite any company specific-news, though low-float energy stocks have gained amid recent oil volatility.

According to data from Benzinga Pro, Indonesia Energy has a share float of 2.226 million, with 53 million shares having been traded at the time of publication.

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