New Concept Energy (NYSE:GBR) Trading Up 0.5% – What’s Next?

New Concept Energy, Inc. (NYSE:GBR) shares were up 0.5% during trading on Friday . The stock traded as high as $1.00 and last traded at $0.99. Approximately 219,878 shares changed hands during trading, a decline of 74% from the average daily volume of 856,884 shares. The stock had previously closed at $0.9855.

New Concept Energy Stock Performance

The firm’s 50 day moving average is $0.83 and its 200-day moving average is $0.88. The firm has a market cap of $5.08 million, a price-to-earnings ratio of -33.00 and a beta of 0.97.

Institutional Trading of New Concept Energy

A hedge fund recently bought a new stake in New Concept Energy stock. Jane Street Group LLC acquired a new position in shares of New Concept Energy, Inc. (NYSE:GBR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.

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).