New Concept Energy (NYSE:GBR) Trading Down 4.4% – Time to Sell?

New Concept Energy, Inc. (NYSE:GBR) shares fell 4.4% during trading on Friday . The stock traded as low as $0.8601 and last traded at $0.87. 22,403 shares were traded during mid-day trading, a decline of 75% from the average session volume of 88,306 shares. The stock had previously closed at $0.91.

New Concept Energy Price Performance

The firm has a market cap of $4.46 million, a PE ratio of -29.00 and a beta of 0.05. The firm has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $0.97.

Institutional Inflows and Outflows

An institutional investor 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) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,724 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 0.50% of New Concept Energy at the end of the most recent quarter.

About New Concept Energy

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.