Indonesia Energy Reports Increased Losses Amid Market Challenges
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Indonesia Energy Corporation Limited (INDO) reported a net loss of $2.82 million for the six months ending June 30, 2025, up from a $2.10 million loss in the same period of 2024. The losses are attributed to challenges in the oil and gas market, influenced by economic and geopolitical factors. The company aims to expand its oil and gas assets in Indonesia and internationally, including plans for exploration in Brazil. Current market cap stands at $42.81 million with a trading volume of 554,258 and a technical sentiment signal of 'Hold'.
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