New Concept Energy (NYSE:GBR) Shares Up 1.7% – Here’s What Happened

New Concept Energy, Inc. (NYSE:GBR) shares shot up 1.7% on Tuesday . The company traded as high as $0.9092 and last traded at $0.8480. 246,691 shares traded hands during trading, a decline of 63% from the average session volume of 675,810 shares. The stock had previously closed at $0.8340.

New Concept Energy Price Performance

The stock has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $0.86. The company has a market cap of $4.35 million, a P/E ratio of -28.27 and a beta of 1.02.

Institutional Investors Weigh In On New Concept Energy

An institutional investor recently bought a new position in New Concept Energy stock. Jane Street Group LLC purchased a new stake in shares of New Concept Energy, Inc. (NYSE:GBR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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.

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).