PT Bumi Resources Tbk (OTCMKTS:PBMRF – Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $0.01 and traded as high as $0.0107. PT Bumi Resources Tbk shares last traded at $0.0107, with a volume of 3,000 shares trading hands.
PT Bumi Resources Tbk Stock Performance
The firm’s 50 day moving average is $0.01 and its 200 day moving average is $0.01.
About PT Bumi Resources Tbk
PT Bumi Resources Tbk is an Indonesia-based mining company primarily engaged in the exploration, production, processing and marketing of thermal coal. Its operations are conducted mainly through subsidiaries PT Kaltim Prima Coal and PT Arutmin Indonesia, which produce coal for domestic and international customers, including power-generation and industrial markets.
PT Kaltim Prima Coal operates in East Kalimantan, while PT Arutmin Indonesia has mining operations in South Kalimantan. The company’s activities include mine development, coal extraction, transportation, processing and shipment, supported by related infrastructure and logistics operations.
Founded in 1973 as PT Bumi Modern, the company adopted the name PT Bumi Resources Tbk in 1990.
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