New Concept Energy (NYSE:GBR) Trading 2.7% Higher – What’s Next?

by · The Markets Daily

New Concept Energy, Inc. (NYSE:GBR – Get Free Report) was up 2.7% on Tuesday . The company traded as high as $0.72 and last traded at $0.7147. 17,687 shares traded hands during trading, a decline of 97% from the average daily volume of 515,075 shares. The stock had previously closed at $0.6956.

New Concept Energy Price Performance

The business has a 50-day moving average of $0.71 and a two-hundred day moving average of $0.78. The company has a market cap of $3.67 million, a P/E ratio of -23.82 and a beta of 0.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

New Concept Energy Company Profile

(Get Free Report)

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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