PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF) Trading Up 35% – Here’s What Happened

PT Bank Mandiri (Persero) Tbk (OTCMKTS:PPERF)’s share price traded up 35% during trading on Tuesday . The stock traded as high as $0.3384 and last traded at $0.3384. 45,000 shares traded hands during trading, a decline of 75% from the average session volume of 181,048 shares. The stock had previously closed at $0.2506.

PT Bank Mandiri (Persero) Tbk Stock Up 35.0%

The business has a 50 day moving average price of $0.34 and a two-hundred day moving average price of $0.30.

About PT Bank Mandiri (Persero) Tbk

PT Bank Mandiri (Persero) Tbk is one of Indonesia’s largest state-owned commercial banks, offering a comprehensive range of retail, corporate, and transaction banking services. Headquartered in Jakarta, the bank provides deposit products, consumer and business loans, trade finance, cash management, and wealth management solutions to both individual and institutional clients. Its retail segment caters to savings and financing needs of consumers through traditional branch networks as well as digital channels.

Established in October 1998 as part of Indonesia’s banking sector restructuring, Bank Mandiri was formed through the consolidation of four state-owned banks in response to the regional financial crisis.