Insider Selling: New Concept Energy Inc. (GBR) Major Shareholder Sells 18,441 Shares of Stock
New Concept Energy Inc. (NYSEMKT:GBR) major shareholder Arcadian Energy, Inc. sold 18,441 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $3.82, for a total transaction of $70,444.62. Following the completion of the transaction, the insider now owns 121,338 shares of the company’s stock, valued at $463,511.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Arcadian Energy, Inc. also recently made the following trade(s):
- On Thursday, September 15th, Arcadian Energy, Inc. sold 20,000 shares of New Concept Energy stock. The shares were sold at an average price of $3.90, for a total transaction of $78,000.00.
Shares of New Concept Energy Inc. (NYSEMKT:GBR) traded up 2.282% during midday trading on Wednesday, reaching $3.631. 88,613 shares of the company were exchanged. The stock’s market capitalization is $7.07 million. The company has a 50 day moving average price of $4.02 and a 200-day moving average price of $2.07. New Concept Energy Inc. has a 12-month low of $0.62 and a 12-month high of $6.10.
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New Concept Energy Company Profile
New Concept Energy, Inc is an oil and gas company. The Company, through its subsidiaries Mountaineer State Energy, Inc and Mountaineer State Operations, LLC, owns and operates oil and gas wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia.
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