JAKARTA (Yosefardi) – Like Indika Energy, Adaro Energy (ADRO) also dropped to its lowest level since second quarter of 2009 today.
More than 90.7 million shares were exchanged hands, substantially higher than average trading volume in the past three months.
Adaro closed lower by 3.67%, dropped substantially by almost 63% since early 2011.
Adaro Energy’s key shareholders are Edwin Soeryadjaya, TP Rachmat, Boy Garibaldi Thohir, and Benny Subianto.
Adaro Energy is parent of PT Adaro Indonesia. Adaro Energy is currently the second largest coal producer behind Bumi Resources.