New Concept Energy Inc. (NYSEMKT:GBR) major shareholder Arcadian Energy, Inc. sold 108,500 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $2.58, for a total transaction of $279,930.00. Following the completion of the sale, the insider now owns 68,331 shares in the company, valued at approximately $176,293.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Arcadian Energy, Inc. also recently made the following trade(s):

  • On Tuesday, September 27th, Arcadian Energy, Inc. sold 40,123 shares of New Concept Energy stock. The shares were sold at an average price of $3.72, for a total transaction of $149,257.56.
  • On Friday, September 16th, Arcadian Energy, Inc. sold 18,441 shares of New Concept Energy stock. The shares were sold at an average price of $3.82, for a total transaction of $70,444.62.
  • On Thursday, September 15th, Arcadian Energy, Inc. sold 20,000 shares of New Concept Energy stock. The shares were sold at an average price of $3.90, for a total transaction of $78,000.00.

Shares of New Concept Energy Inc. (NYSEMKT:GBR) opened at 2.32 on Friday. The firm’s market cap is $4.51 million. The stock has a 50 day moving average of $3.86 and a 200-day moving average of $2.24. 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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