New Concept Energy (NYSE:GBR) Trading Down 4.4% – Time to Sell?

Shares of New Concept Energy, Inc. (NYSE:GBR) fell 4.4% during trading on Friday . The company traded as low as $0.8601 and last traded at $0.87. 22,403 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 88,306 shares. The stock had previously closed at $0.91.

New Concept Energy Stock Down 4.4%

The business’s 50-day moving average price is $0.99 and its 200 day moving average price is $0.97. The company has a market capitalization of $4.46 million, a P/E ratio of -29.00 and a beta of 0.05.

Institutional Investors Weigh In On 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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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).

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.