New Concept Energy Inc (GBR) has risen sharply, recording gains of 72.81% in the past 4 weeks. However, the stock has corrected -18.93% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 67.19% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 54.93% and the 50-Day Moving Average is 116.87%. New Concept Energy, Inc. is up 278.85% in the last 3-month period. Year-to-Date the stock performance stands at 264.78%.
New Concept Energy Inc (NYSEMKT:GBR): On Fridays trading session , Opening price of the stock was $3.92 with an intraday high of $4.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.72. However, the stock managed to close at $3.94, a loss of 6.64% for the day. On the previous day, the stock had closed at $4.22. The total traded volume of the day was 1,626,542 shares.
New Concept Energy, Inc., through its wholly owned 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. The Company also leases and operates Pacific Pointe Retirement Inn (Pacific Pointe) in King City, Oregon. Pacific Pointe is a retirement center with a capacity of 114 residents. As of December 31, 2014, the Company has 153 producing gas wells, 31 non-producing wells and related equipment and mineral leases covering around 20,000 acres. The Company operates through the two business segments: oil and gas operations segment and retirement facilities segment.