New Concept Energy, Inc. (NYSE:GBR – Get Free Report)’s share price was down 0.2% during mid-day trading on Friday. The stock traded as low as $0.59 and last traded at $0.6013. Approximately 14,431 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 384,904 shares. The stock had previously closed at $0.6023.
New Concept Energy Trading Down 0.2%
The stock has a 50-day simple moving average of $0.72 and a 200 day simple moving average of $0.76. The stock has a market capitalization of $3.09 million, a price-to-earnings ratio of -20.04 and a beta of 1.18.
New Concept Energy Company Profile
New Concept Energy, Inc is an energy company engaged in the ownership and management of oil and natural gas properties. Its activities primarily involve the production of hydrocarbons from its interests in oil and gas assets.
The company’s properties are located in Oklahoma, where it holds interests in producing and non-producing oil and gas acreage. New Concept Energy’s operations are focused on managing these assets and generating production-related revenue rather than providing energy services or selling finished consumer products.
New Concept Energy is headquartered in Dallas, Texas, and its common stock trades on the New York Stock Exchange under the symbol GBR.
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