Realty Advisors Inc, a ten percent owner of New Concept Energy, Inc. (AMEX:GBR), reported a significant transaction involving the company’s stock. According to the recent filing, Realty Advisors sold 248,681 shares of New Concept Energy’s common stock on October 31, 2024. The shares were sold at a price of $1.17 each, resulting in a total transaction value of $290,956. Following this sale, Realty Advisors holds 896,254 shares in the company. This transaction was signed off by Gina Kay, Vice President, Secretary, and Treasurer of Realty Advisors.
InvestingPro Insights
To provide additional context to the recent insider transaction at New Concept Energy, Inc. (AMEX:GBR), let’s examine some key financial metrics and insights from InvestingPro.
According to InvestingPro data, New Concept Energy’s revenue for the last twelve months as of Q2 2024 stood at $0.14 million, with a revenue growth of -27.5% over the same period. This decline in revenue aligns with one of the InvestingPro Tips, which notes that the company is “not profitable over the last twelve months.”
Another relevant InvestingPro Tip indicates that the stock “generally trades with high price volatility.” This volatility is reflected in the company’s price performance, with a 21% year-to-date price total return as of the latest data, contrasting with a -10.37% return over the past three months.
It’s worth noting that New Concept Energy is described as a “niche player in the industry,” which could explain both its modest revenue figures and its stock price fluctuations. The company’s next earnings date is set for November 7, 2024, which may provide further insights into its financial health and future prospects.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics beyond those mentioned here. In fact, there are 6 more InvestingPro Tips available for New Concept Energy, which could provide valuable insights for those considering the stock in light of the recent insider transaction.
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