Notable Price Action: What’s New Concept Energy, Inc. Downside After Today’s Huge Decline?

Notable Price Action: What's New Concept Energy, Inc. Downside After Today's Huge Decline?

The stock of New Concept Energy, Inc. (NYSEMKT:GBR) is a huge mover today! The stock decreased 9.40% or $0.28 during the last trading session, hitting $2.7. About 247,138 shares traded hands. New Concept Energy, Inc. (NYSEMKT:GBR) has risen 360.00% since February 29, 2016 and is uptrending. It has outperformed by 347.78% the S&P500.
The move comes after 7 months negative chart setup for the $5.24M company. It was reported on Oct, 4 by Barchart.com. We have $2.35 PT which if reached, will make NYSEMKT:GBR worth $681,200 less.

Analysts await New Concept Energy, Inc. (NYSEMKT:GBR) to report earnings on November, 10.

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 Q2 2016. Its up Infinity, from 0 in 2016Q1. The ratio improved, 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.
Moreover, Citadel Ltd Liability has 0% invested in New Concept Energy, Inc. (NYSEMKT:GBR) for 17,509 shares. Susquehanna Intl Group Inc Ltd Liability Partnership reported 13,279 shares or 0% of all its holdings.

Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 3 sales for $452,941 net activity. Another trade for 29,700 shares valued at $109,890 was made by Arcadian Energy – Inc. on Wednesday, September 21. Another trade for 40,811 shares valued at $194,606 was made by BERTCHER GENE S on Friday, September 9.

More news for New Concept Energy, Inc. (NYSEMKT:GBR) were recently published by: Businesswire.com, which released: “New Concept Energy, Inc. Reports Second Quarter 2016 Results” on August 12, 2016. Marketwatch.com‘s article titled: “Virtual Stock Exchange” and published on July 16, 2010 is yet another important article.

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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