PT Bumi Resources Tbk (OTCMKTS:PBMRF) Share Price Passes Above 200-Day Moving Average – Should You Sell?

PT Bumi Resources Tbk (OTCMKTS:PBMRFGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.01 and traded as high as $0.0180. PT Bumi Resources Tbk shares last traded at $0.0180, with a volume of 100,000 shares changing hands.

PT Bumi Resources Tbk Stock Down 1.6%

The business’s 50 day moving average price is $0.01 and its 200-day moving average price is $0.01.

About PT Bumi Resources Tbk

(Get Free Report)

PT Bumi Resources Tbk is one of Indonesia’s leading coal producers and serves as the flagship mining subsidiary of the Bakrie Group. The company focuses on the extraction and sale of thermal coal through large-scale open-pit operations, catering to both domestic power utilities and international customers. Its shares are listed on the Indonesia Stock Exchange, reflecting its prominence in the country’s natural resources sector.

Key assets under Bumi Resources include PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, which together rank among the world’s highest-volume coal concessions.

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