JAKARTA (Yosefardi) – Shares of small coal producer PT Garda Tujuh Buana (GTBO) Tbk collapsed again this morning. The stock dropped 22.32% to Rp905.
Garda Tujuh Buana also dropped more than 22% Thursday after trading in the stock resumed by Indonesia Stock Exchange (IDX). Trading volume was thin with less than 1 million shares exchanged hands.
Other coal producers were mixed as Adaro Energy gained 1.6%, while Indika Energy lost 1.87%. Indo Tambangraya, Resource Alam, and Bumi Resources were in positive territory, while Borneo Lumbung down 0.6%.
In the region, BHP Billiton lost 1.35% in Sydney, while China Shenhua and China Coal gained 0.7% each.