The stock of New Concept Energy, Inc. (NYSEMKT:GBR) is a huge mover today! About 803,368 shares traded hands or 18.66% up from the average. New Concept Energy, Inc. (NYSEMKT:GBR) has risen 151.72% since April 14, 2016 and is uptrending. It has outperformed by 147.04% the S&P500.
The move comes after 9 months negative chart setup for the $5.84M company. It was reported on Nov, 16 by Barchart.com. We have $1.76 PT which if reached, will make NYSEMKT:GBR worth $817,600 less.
According to Zacks Investment Research, “GREENBRIAR CORP’s historical businesses during the past five years have included ownership and operation of skilled nursing and retirement centers, real estate investments and manufacture and leasing of electric convenience vehicles and wheelchairs. The nursing and retirement centers and convenience vehicle businesses have been sold, and the real estate investments are being liquidated.”
Insitutional Activity: The institutional sentiment increased to Infinity in 2016 Q2. Its up Infinity, from 0 in 2016Q1. The ratio increased, as 0 funds sold all New Concept Energy, Inc. shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 61,576 shares or Infinity% more from shares in 2016Q1.
Susquehanna Group Llp last reported 0% of its portfolio in the stock. Moreover, Citadel Advsrs Ltd Liability has 0% invested in New Concept Energy, Inc. (NYSEMKT:GBR) for 17,509 shares.
Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 11 insider sales for $2.84 million net activity. On Wednesday, September 28 the insider Arcadian Energy – Inc. sold $534,840. 40,811 shares were sold by BERTCHER GENE S, worth $194,606.
More important recent New Concept Energy, Inc. (NYSEMKT:GBR) news were published by: Businesswire.com which released: “New Concept Energy, Inc. Reports Third Quarter 2016 Results” on November 14, 2016, also Reuters.com published article titled: “BRIEF-New Concept Energy Inc reports third quarter 2016 results”, Prnewswire.com published: “Research Reports Initiation on Oil & Gas Stocks — New Concept Energy, Gran …” on November 16, 2016. More interesting news about New Concept Energy, Inc. (NYSEMKT:GBR) was released by: Businesswire.com and their article: “New Concept Energy, Inc. Reports First Quarter 2016 Results” with publication date: May 12, 2016.
GBR Company Profile
New Concept Energy, Inc., incorporated on May 30, 1991, is an gas and oil company. The Company, through its subsidiaries Mountaineer State Energy, Inc. and Mountaineer State Operations, LLC, owns and operates gas and oil wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. The Firm operates through two divisions: gas and oil operations, and retirement facilities. The Firm has approximately 153 producing gas wells, over 31 non-producing wells and related equipment and mineral leases covering approximately 20,000 acres.
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