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Why is ADOOY up 8.15%?
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ADOOY:OTCMKTS
PT Alamtri Resources Indonesia Tbk Unsponsored ADR
$7.50
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+8.15%(+0.57) 1D
Oct 6, 4:00:00 PM GMT-4 · USD
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| Symbol | Price | Change | % Change |
|---|
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Open
$7.50
High
$7.50
Low
$7.50
Mkt. cap
74.59T
Avg. vol.
566.00
Volume
244.00
52-wk high
$7.68
52-wk low
$5.00
Beta
-0.28
Shares outstanding
576.01M
No. of employees
10K
Open
$7.50
High
$7.50
Low
$7.50
Mkt. cap
74.59T
Avg. vol.
566.00
Volume
244.00
52-wk high
$7.68
52-wk low
$5.00
Beta
-0.28
Shares outstanding
576.01M
No. of employees
10K
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Profile
PT AlamTri Resources Tbk is an Indonesian coal mining company, the country's second-largest by production volume. In the 2023 Forbes Global 2000, Alamtri was ranked as the 1393rd-largest public company in the world. The company is an Indonesian energy group that focuses on coal mining through subsidiaries. The principal mining location is at Tabalong district in South Kalimantan, where Alamtri operates the largest single-site coal mine in the southern hemisphere. AlamTri operates under a first-generation CCA with the Indonesian Government valid until 2022.
In 2016, Alamtri was clearing land in Central Java for a 2,000MW coal plant, after a delay for more than four years due to land acquisition issues. The construction of Indonesia's largest coal plant, into which Adaro invested $4.2 billion, began in June 2016. Adaro's strategy focuses on power generation as one of its "three pillars", besides coal exports and logistics.
In 2023, the company invested in North Kalimantan, acquiring 15,000 Hectares of land to setup Kalimantan Industrial Park Indonesia, which is the only fully green and sustainable industrial park in Indonesia. Wikipedia
About PT Alamtri Resources Indonesia Tbk Unsponsored ADR