2017, Bumi Resources' Share Price Falls 8 Percent

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14/12/2017 11:56 WIB

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PT Bumi Resources Tbk Stock Price Movement (January 2008 - December 13, 2017)

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PT Bumi Resources Tbk Stock Price Movement (January 2008 - December 13, 2017)

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On December 13th, the closing price of PT Bumi Resources Tbk shares rose by 4.13 percent to Rp 254 per share, compared to the previous day's closing price. However, compared to its position at the end of 2016, the shares, traded under the code BUMI on the exchange, experienced an 8.63 percent decrease.

BUMI's share price once traded above Rp 8,000 per share in 2008, driven by rising coal prices. However, burdened by massive debt and plummeting coal prices, its share price continuously declined to its lowest level of Rp 50 per share in 2016. Throughout 2017, BUMI's share price traded above Rp 200 per share.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."