New Concept Energy (NYSE:GBR) Stock Price Down 3.9% – Should You Sell?

New Concept Energy, Inc. (NYSE:GBR) traded down 3.9% during trading on Monday . The stock traded as low as $0.71 and last traded at $0.7110. 117,826 shares were traded during trading, a decline of 82% from the average session volume of 666,345 shares. The stock had previously closed at $0.74.

New Concept Energy Price Performance

The company has a market cap of $3.94 million, a PE ratio of -25.60 and a beta of 0.98. The company has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.81.

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 stake in shares of New Concept Energy, Inc. (NYSE:GBR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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).