New Concept Energy (GBR) Sees Unusually-High Trading Volume

Shares of New Concept Energy, Inc. (NYSEAMERICAN:GBR) saw unusually-strong trading volume on Friday . Approximately 745,279 shares changed hands during trading, an increase of 456% from the previous session’s volume of 134,159 shares.The stock last traded at $1.75 and had previously closed at $1.73.

New Concept Energy (NYSEAMERICAN:GBR) last released its quarterly earnings data on Wednesday, November 14th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.17 million for the quarter.

An institutional investor recently bought a new position in New Concept Energy stock. Bank of New York Mellon Corp acquired a new position in New Concept Energy, Inc. (NYSEAMERICAN:GBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,301 shares of the company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned 0.86% of New Concept Energy at the end of the most recent reporting period.

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About New Concept Energy (NYSEAMERICAN:GBR)

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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