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home / news releases / INDO - Indonesia Energy Corp. Meme Traders Need To Actually Read SEC Filings

INDO - Indonesia Energy Corp. Meme Traders Need To Actually Read SEC Filings

Indonesia Energy Corporation Limited
  • The effective Indonesia Energy's equity capitalization is over $150 million compared to only $2.45 million revenue in 2021.
  • A major portion of their annual revenue is used just to pay their top executives.
  • They had a loss of $6 million in 2021 and continue to burn cash.
  • A large shareholder is trying to sell shares.
  • This is another example of irrational meme trading.

For further details see:

Indonesia Energy Corp. Meme Traders Need To Actually Read SEC Filings
Stock Information
Company Name: Indonesia Energy Corporation Limited
Stock Symbol: INDO
Market: NYSE
Website: indo-energy.com
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