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Bumi Resources Tbk (BUMI) share prices surged 146 percent since June 9, 2016. On October 20, 2016, BUMI shares closed at Rp 123, a 13.89 percent increase from the previous closing price, resulting in a 90.9 percent increase throughout October.
Trading in the coal mining company's shares became active since October 5th; on October 23, 2016, trading volume reached 3.87 billion. Prior to this, from October 2015 to June 9, 2016, BUMI's share price was Rp 50.
In 2015, Bumi Resources recorded a loss of US$1.93 billion (approximately Rp 26.5 trillion), but this decreased to US$20.8 million (Rp 274 billion) in the first half of 2016.
"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."
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