New Concept Energy (NYSE:GBR) Shares Down 2.8% – What’s Next?

New Concept Energy, Inc. (NYSE:GBR)’s stock price fell 2.8% during trading on Thursday . The company traded as low as $0.6755 and last traded at $0.70. Approximately 34,861 shares changed hands during trading, a decline of 94% from the average daily volume of 592,360 shares. The stock had previously closed at $0.7199.

New Concept Energy Price Performance

The firm has a 50-day moving average of $0.75 and a 200-day moving average of $0.80. The stock has a market cap of $3.59 million, a PE ratio of -23.33 and a beta of 0.95.

Institutional Trading of New Concept Energy

An institutional investor recently bought a new position in New Concept Energy stock. Jane Street Group LLC purchased a new position in New Concept Energy, Inc. (NYSE:GBR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

New Concept Energy Company Profile

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).