New Concept Energy Inc. (NYSEMKT:GBR) major shareholder Arcadian Energy, Inc. sold 18,441 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $3.82, for a total transaction of $70,444.62. Following the completion of the transaction, the insider now directly owns 121,338 shares in the company, valued at approximately $463,511.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Arcadian Energy, Inc. also recently made the following trade(s):
- On Thursday, September 15th, Arcadian Energy, Inc. sold 20,000 shares of New Concept Energy stock. The stock was sold at an average price of $3.90, for a total transaction of $78,000.00.
Shares of New Concept Energy Inc. (NYSEMKT:GBR) opened at 3.72 on Friday. New Concept Energy Inc. has a 12-month low of $0.62 and a 12-month high of $6.10. The company has a 50 day moving average of $4.03 and a 200-day moving average of $2.08. The company’s market cap is $7.24 million.
About New Concept Energy
New Concept Energy, Inc is an oil and gas company. The Company, through its subsidiaries Mountaineer State Energy, Inc and Mountaineer State Operations, LLC, owns and operates oil and gas wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia.
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