Company Performance: Toska Energi's financial health, including revenue, profit margins, and debt levels, significantly impacts its stock price. Positive earnings reports typically drive the stock higher, while losses can lead to price declines. Industry Trends: The overall performance of the Indonesian energy sector, especially coal mining, influences Toska Energi. Growth or contraction in the sector, regulatory changes, and technological advancements affect investor sentiment. Commodity Prices: As a coal producer, Toska Energi's profitability is tied to coal prices. Increases in global coal prices generally benefit the company and its stock, while price decreases can negatively impact it. Macroeconomic Factors: Indonesian economic growth, inflation rates, interest rates, and currency fluctuations all play a role. A strong Indonesian economy usually supports corporate earnings and stock prices. Investor Sentiment: General market sentiment and investor confidence in Indonesia and the energy sector influence demand for TOSK.JK shares. News events and economic forecasts can quickly shift sentiment.