New Concept Energy, Inc. (GBR): Energy, Inc. Arcadian , 10% owner of New Concept Energy, Inc. sold 29,700 shares on Sep 16, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $3.70 per share for a total value of $109,890.00 , 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 21, 2016, Energy, Inc. Arcadian (10% owner) sold 38,441 shares at $3.86 per share price.On Sep 15, 2016, Gene S Bertcher (President) sold 40,811 shares at $4.73 per share price.
New Concept Energy: On Thursday, Sep 22, 2016 heightened volatility was witnessed in New Concept Energy which led to swings in the share price. The shares opened for trading at $3.7 and hit $3.97 on the upside , eventually ending the session at $3.72, with a gain of 2.45% or 0.089 points. The heightened volatility saw the trading volume jump to 1,37,501 shares. The 52-week high of the share price is $6.1 and the company has a market cap of $7.2 M . The 52-week low of the share price is at $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.