The stock of New Concept Energy, Inc. (NYSEMKT:GBR) is a huge mover today! About 241,691 shares traded hands. New Concept Energy, Inc. (NYSEMKT:GBR) has risen 146.81% since March 7, 2016 and is uptrending. It has outperformed by 139.22% the S&P500.
The move comes after 8 months positive chart setup for the $4.54M company. It was reported on Oct, 10 by Barchart.com. We have $6.50 PT which if reached, will make NYSEMKT:GBR worth $7.81M more.
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 is positive, 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, Susquehanna Intl Grp Incorporated Ltd Liability Partnership has 0% invested in New Concept Energy, Inc. (NYSEMKT:GBR) for 13,279 shares. The Illinois-based Citadel Advsrs Lc has invested 0% in New Concept Energy, Inc. (NYSEMKT:GBR).
Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 8 sales for $1.91 million net activity. On Wednesday, September 21 the insider Arcadian Energy – Inc. sold $109,890. BERTCHER GENE S sold $194,606 worth of stock or 40,811 shares.
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. Streetinsider.com‘s article titled: “Form 4 New Concept Energy, Inc. For: Sep 21 Filed by: Arcadian Energy, Inc.” and published on September 27, 2016 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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