New Concept Energy (NYSEAMERICAN:GBR) Sees Large Volume Increase
New Concept Energy, Inc. (NYSEAMERICAN:GBR) saw strong trading volume on Monday . 706,128 shares traded hands during mid-day trading, an increase of 209% from the previous session’s volume of 228,238 shares.The stock last traded at $1.60 and had previously closed at $1.44.
New Concept Energy (NYSEAMERICAN:GBR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $0.16 million during the quarter.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in New Concept Energy in the fourth quarter worth about $26,000. Citadel Advisors LLC acquired a new stake in New Concept Energy in the second quarter worth about $41,000. Finally, Virtu Financial LLC acquired a new stake in New Concept Energy in the first quarter worth about $116,000.
New Concept Energy, Inc, through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. Its oil and gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia. As of December 31, 2017, the Company had 153 producing gas wells; 31 non-producing wells and related equipment; and mineral leases covering approximately 20,000 acres.
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