New Concept Energy, Inc. (GBR): Energy, Inc. Arcadian , 10% owner of New Concept Energy, Inc. sold 38,441 shares on Sep 15, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $3.86 per share for a total value of $148,444.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 15, 2016, Gene S Bertcher (President) sold 40,811 shares at $4.73 per share price.On Mar 17, 2015, Energy, Inc. Arcadian (10% owner) purchased 13,370 shares at $1.63 per share price.
Shares of New Concept Energy (GBR) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.84% at $3.55 with 36,527 shares getting traded. Post opening the session at $3.54, the shares hit an intraday low of $3.54 and an intraday high of $3.6599 and the price vacillated in this range throughout the day. The company has a market cap of $6.9 M and the number of outstanding shares has been calculated to be 19,46,934 shares. The 52-week high of New Concept Energy is $6.1 and the 52-week low is $0.62.
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 20000 acres. The Company operates through the two business segments: oil and gas operations segment and retirement facilities segment.