New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s stock price dropped 3.3% on Wednesday. The stock traded as low as $0.6833 and last traded at $0.6907. Approximately 48,479 shares were traded during trading, a decline of 89% from the average daily volume of 440,344 shares. The stock had previously closed at $0.7146.
New Concept Energy Stock Performance
The stock has a market capitalization of $3.54 million, a PE ratio of -23.01 and a beta of 1.01. The firm has a 50 day moving average of $0.73 and a 200-day moving average of $0.77.
New Concept Energy Company Profile
New Concept Energy, Inc is an oil and gas company engaged in the exploration, development and production of crude oil and natural gas. The company operates through its interests in oil and gas properties and generates revenue from the sale of production.
Its assets have historically been concentrated in the United States, including oil and gas properties in Wyoming and interests in other domestic properties. New Concept Energy has operated as a small, focused energy company rather than a diversified international producer.
The company is publicly traded on the New York Stock Exchange under the symbol GBR.
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