New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s stock price shot up 2.7% during trading on Tuesday . The company traded as high as $0.72 and last traded at $0.7147. 17,687 shares were traded during trading, a decline of 97% from the average session volume of 515,075 shares. The stock had previously closed at $0.6956.
New Concept Energy Trading Up 1.0%
The stock’s 50 day moving average is $0.71 and its two-hundred day moving average is $0.78. The stock has a market capitalization of $3.73 million, a price-to-earnings ratio of -24.25 and a beta of 0.97.
Hedge Funds Weigh In On New Concept Energy
An institutional investor recently bought a new stake in New Concept Energy stock. Jane Street Group LLC acquired a new stake in New Concept Energy, Inc. (NYSE:GBR – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 25,724 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned about 0.50% of New Concept Energy as of its most recent SEC filing.
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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