Indonesia Energy Soars 27.87% on Defense, Mining Policy Shifts

On June 23, 2025, Indonesia Energy surged by 27.87% in pre-market trading, marking a significant rise in its stock price.

Indonesia Energy Corporation Limited, a state-owned energy company, has been actively involved in the defense industry, particularly in the context of Indo Defense 2025. This engagement highlights the company's strategic importance in the national defense sector, which could be a driving factor behind the recent stock price surge.

President Prabowo Subianto's decision to revoke four mining permits in the ecologically-sensitive Raja Ampat region has also garnered attention. This move underscores the government's commitment to environmental conservation, which could indirectly impact Indonesia Energy's operations and stock performance, especially if the company has interests in the affected areas.