Indonesia Energy Corporation Limited shares rise 1.65% premarket after Indonesia seizes part of Weda Bay nickel mine.

Indonesia Energy Corporation Limited rose 1.65% in premarket trading, with the company's stock price potentially influenced by the recent seizure of part of the Weda Bay nickel mine by Indonesian prosecutors. The seizure, which involved around 150 hectares of land, was due to encroachment on protected forest without proper authorization. This event could impact the company's operations and future profitability, potentially driving the stock price movement.