Worth Watching: New Concept Energy, Inc. Has Another Very Strong Trading Session

Worth Watching: New Concept Energy, Inc. Has Another Very Strong Trading Session

The stock of New Concept Energy, Inc. (NYSEMKT:GBR) is a huge mover today! The stock increased 10.00% or $0.2 on November 23, hitting $2.2. About 330,498 shares traded hands. New Concept Energy, Inc. (NYSEMKT:GBR) has risen 165.06% since April 22, 2016 and is uptrending. It has outperformed by 159.65% the S&P500.
The move comes after 8 months positive chart setup for the $4.26M company. It was reported on Nov, 24 by Barchart.com. We have $2.33 PT which if reached, will make NYSEMKT:GBR worth $255,600 more.

Analysts await New Concept Energy, Inc. (NYSEMKT:GBR) to report earnings on March, 29.

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 decreased to 6 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio turned negative, 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 Interest Grp Llp has 0% invested in the company for 13,279 shares. Citadel Ltd Liability accumulated 17,509 shares or 0% of the stock.

Insider Transactions: Since September 9, 2016, the stock had 0 buys, and 11 sales for $2.84 million net activity. 190 shares with value of $707 were sold by Arcadian Energy – Inc. on Thursday, September 22. BERTCHER GENE S also sold $194,606 worth of New Concept Energy, Inc. (NYSEMKT:GBR) shares.

More important recent New Concept Energy, Inc. (NYSEMKT:GBR) news were published by: Businesswire.com which released: “New Concept Energy, Inc. Reports First Quarter 2016 Results” on May 12, 2016, also Businesswire.com published article titled: “New Concept Energy, Inc. Reports Third Quarter 2016 Results”, Businesswire.com published: “New Concept Energy, Inc. Reports Second Quarter 2016 Results” on August 12, 2016. More interesting news about New Concept Energy, Inc. (NYSEMKT:GBR) was released by: Prnewswire.com and their article: “Research Reports Initiation on Oil & Gas Stocks — New Concept Energy, Gran …” with publication date: November 16, 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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