SMR Utama Shares Hit Lowest Price of Rp 50 per Share

Andrea Lidwina 15/01/2020 10:43 WIB

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ASABRI holds a number of shares in PT SMR Utama Tbk (SMRU). However, the share price has plummeted by 88.7% since ASABRI invested in March 2018.

SMR Utama Stock Price (January 1, 2019 - January 13, 2020)

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SMR Utama Shares Hit Lowest Price of Rp 50 per Share

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SMR Utama Stock Price (January 1, 2019 - January 13, 2020)

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The Indonesian Armed Forces Social Security Agency (PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia or ASABRI) holds a number of shares in PT SMR Utama Tbk (SMRU). However, the share price has plummeted by 88.7% since ASABRI invested in the mining company in March 2018.

SMRU shares reached a high of Rp 650 per share on January 1, 2019. Since then, the price has steadily declined, reaching a low of Rp 50 per share on Monday, January 13th. This decline is one of the reasons for ASABRI's failed investment in the shares.

In SMRU's Q3 2019 financial report, ASABRI is recorded as holding 6.62% of the company's shares. The majority of SMRU shares (52.3%) are owned by PT Trada Alam Minera Tbk. (TRAM).

Editor : Aria W. Yudhistira

"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."