Insider Selling: New Concept Energy Inc. (GBR) Major Shareholder Sells 40,123 Shares of Stock
New Concept Energy Inc. (NYSEMKT:GBR) major shareholder Arcadian Energy, Inc. sold 40,123 shares of New Concept Energy stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $3.72, for a total value of $149,257.56. Following the transaction, the insider now owns 68,331 shares in the company, valued at approximately $254,191.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Arcadian Energy, Inc. also recently made the following trade(s):
- On Friday, September 16th, Arcadian Energy, Inc. sold 18,441 shares of New Concept Energy stock. The stock was sold at an average price of $3.82, for a total value of $70,444.62.
- On Thursday, September 15th, Arcadian Energy, Inc. sold 20,000 shares of New Concept Energy stock. The stock was sold at an average price of $3.90, for a total value of $78,000.00.
Shares of New Concept Energy Inc. (NYSEMKT:GBR) opened at 2.99 on Friday. The firm has a 50-day moving average price of $4.05 and a 200-day moving average price of $2.19. The stock’s market cap is $5.82 million. New Concept Energy Inc. has a 52-week low of $0.62 and a 52-week high of $6.10.
New Concept Energy Company Profile
New Concept Energy, Inc is an oil and gas company. The Company, through its subsidiaries Mountaineer State Energy, Inc and Mountaineer State Operations, LLC, owns and operates oil and gas wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia.
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