How have the shares performed?
New Concept Energy Inc. (GBR) saw downtrend of -7.33% in the recent trading with $4.68 being its most recent. The current price level -84.90% lower than the highest price of $30.99 marked by the stock while trading over the past 52-weeks, whereas it is 368.00% higher than the lowest price of $1.00 the company dropped to over past 52-weeks. The latest news story on GBR appeared in Business Wire under the title “New Concept Energy, Inc. Reports First Quarter 2021 Results” on May-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -23.90% below one month high and is +24.80% above of the lowest during that time. Looking into the simple moving average, New Concept Energy Inc. (GBR)’s stock stands at a SMA-50 of $4.42 while that of 5-day is reading $5.07.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GBR’s SMA-200 as of now is $3.41.
New Concept Energy Inc. Earnings – What Happened With GBR
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $26.0 million.
GBR – New Concept Energy Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 5.13 million. GBR does have institutional investors; and they hold 4.00% of the stock.
New Concept Energy Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, GBR declared 1,545,842 shares have been sold in 46 insider transactions over the past three months.
As on Mar 30, 2021, Virtu Financial LLC was the top most holder in New Concept Energy Inc. (AMEX:GBR) with an ownership of 47030.0 shares of the company or 0.92% of the stake worth $0.2 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.65% of the outstanding shares. Its stake is worth $0.14 million for having 33444.0 shares in hand.
Bridgeway Capital Management, Inc. also came holding a key position in the company during the recent quarter and it now holds 0.65% of the outstanding shares. With this there are now 16 institutions which have possession in GBR’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by New Concept Energy Inc. was 23.18 while posting a debt to equity ratio of 0.05. The count was 2.82 for long-term debt to equity ratio.
Technical Analysis of New Concept Energy Inc. (AMEX:GBR) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for New Concept Energy Inc. (GBR), we notice that the stock’s 20-day average volume is at 1,198,710 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 1,196,462 shares. And to end, GBR’s 100-day average volume is 2,291,413 shares with 50% of the long-term indicators pointing towards Buy for the stock.