New Concept Energy (NYSE:GBR) Shares Up 0.7% – Here’s What Happened

New Concept Energy, Inc. (NYSE:GBR)’s stock price rose 0.7% on Monday . The company traded as high as $0.89 and last traded at $0.8140. Approximately 26,589 shares traded hands during trading, a decline of 29% from the average daily volume of 37,374 shares. The stock had previously closed at $0.8086.

New Concept Energy Price Performance

The stock’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $0.90. The stock has a market cap of $4.18 million, a P/E ratio of -27.13 and a beta of -0.04.

Institutional Trading of 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 New Concept Energy, Inc. (NYSE:GBR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

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).