New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s stock price was up 1.7% on Tuesday . The company traded as high as $0.9092 and last traded at $0.8480. Approximately 246,691 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 675,810 shares. The stock had previously closed at $0.8340.
New Concept Energy Trading Up 1.0%
The company has a market cap of $4.04 million, a P/E ratio of -26.27 and a beta of 1.02. The stock’s 50 day moving average is $0.85 and its 200-day moving average is $0.86.
Institutional Investors Weigh In On New Concept Energy
An institutional investor recently bought a new position in New Concept Energy stock. Jane Street Group LLC bought a new stake in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,724 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned about 0.50% of New Concept Energy as of its most recent filing with the Securities and Exchange Commission.
About New Concept Energy
New Concept Energy, Inc (NYSE:GBR) is an independent exploration and production company engaged in the acquisition, development and operation of onshore oil and natural gas assets. The company targets both conventional and unconventional formations, assembling a portfolio of producing wells and undeveloped acreage through lease acquisitions, farm-ins and joint ventures.
Its core activities encompass drilling, completion and production optimization of crude oil, natural gas and natural gas liquids (NGLs).
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