New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 242,000 shares, a growth of 158.3% from the September 15th total of 93,700 shares. Based on an average trading volume of 479,000 shares, the short-interest ratio is currently 0.5 days. Currently, 6.5% of the shares of the stock are short sold.
NYSEAMERICAN:GBR traded up $0.01 during midday trading on Thursday, hitting $4.09. 4,570 shares of the company traded hands, compared to its average volume of 1,671,321. New Concept Energy has a 12-month low of $1.40 and a 12-month high of $30.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 19.68 and a current ratio of 19.68.
New Concept Energy (NYSEAMERICAN:GBR) last released its quarterly earnings results on Friday, August 13th. The company reported $0.01 earnings per share for the quarter. New Concept Energy had a return on equity of 3.81% and a net margin of 2,255.45%. The company had revenue of $0.03 million for the quarter.
About New Concept Energy
New Concept Energy, Inc engages in the provision of real estate rental services. It also maintains property and liability insurance intended to cover claims for its real estate and corporate operations. The company was founded in 1978 and is headquartered in Dallas, TX.
Further Reading: Liquidity
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