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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/insider-selling-new-concept-energy-inc-gbr-major-shareholder-sells-18441-shares-of-stock.html

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.

Receive News & Ratings for New Concept Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Concept Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.