New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s stock price rose 0% during mid-day trading on Tuesday . The company traded as high as $0.77 and last traded at $0.77. 25,471 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 471,389 shares. The stock had previously closed at $0.7699.
New Concept Energy Stock Up 1.5%
The business has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.78. The firm has a market capitalization of $4.00 million, a PE ratio of -25.95 and a beta of 1.01.
Institutional Investors Weigh In On New Concept Energy
A hedge fund recently bought a new position in New Concept Energy stock. Jane Street Group LLC bought a new position in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,724 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 0.50% of New Concept Energy at the end of the most recent reporting period.
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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