New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s stock price was up 1.7% during trading on Tuesday . The stock traded as high as $0.9092 and last traded at $0.8480. Approximately 246,691 shares were traded during 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 Price Performance
The stock has a market cap of $4.35 million, a P/E ratio of -28.27 and a beta of 1.02. The company has a fifty day moving average of $0.85 and a 200 day moving average of $0.86.
Institutional Investors Weigh In On New Concept Energy
A hedge fund recently bought a new stake in New Concept Energy stock. Jane Street Group LLC bought a new position in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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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