New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 209,953 shares, a decline of 6.1% from the November 15th total of 223,513 shares. Currently, 10.3% of the company’s shares are sold short. Based on an average trading volume of 362,210 shares, the days-to-cover ratio is presently 0.6 days.
New Concept Energy (NYSEAMERICAN GBR) opened at $1.64 on Friday. New Concept Energy has a 52-week low of $1.00 and a 52-week high of $3.79. The stock has a market cap of $2.75, a PE ratio of 9.65 and a beta of 2.12.
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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