50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Realty advisors sells $290,000 in new concept energy stock

Published 12/24/2024, 02:18 AM
GBR
-

Realty Advisors Inc., a significant shareholder in New Concept Energy, Inc. (AMEX:GBR), disclosed a major transaction involving the sale of 250,000 shares of the company's common stock. The shares were sold at a price of $1.16 each, amounting to a total value of $290,000. The transaction comes as GBR's stock has declined approximately 28% over the past six months, according to InvestingPro data.

Following this transaction, Realty Advisors continues to hold 646,254 shares of New Concept Energy. The transaction was filed with the Securities and Exchange Commission on December 23, 2024, with the sale taking place on December 20, 2024. The filing was signed by Gina Kay, Vice President and Treasurer of Realty Advisors. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 7.48, though it remains unprofitable with negative EBITDA of $0.25 million in the last twelve months. For deeper insights into insider trading patterns and additional financial metrics, subscribers can access more than 5 exclusive InvestingPro Tips.

In other recent news, New Concept Energy, a Dallas-based company in the crude petroleum and natural gas industry, has recessed its Annual Meeting of Stockholders for additional votes. The company's current ratio stands at 7.48, demonstrating strong liquidity, despite a negative EBITDA of $0.25 million, according to InvestingPro. The recess aims to allow further solicitation of proxies as recommended by Broadridge. The meeting is set to address the election of directors and the ratification of the company's independent registered public accounting firm. The company, formerly known as CabelTel International Corp, Greenbriar Corp, and Medical (TASE:PMCN) Resource Companies of America, currently maintains a weak overall financial health score of 1.72. The meeting was previously adjourned due to the lack of a quorum, and the company's management and Board of Directors continue to seek additional proxies. These are recent developments in the company's corporate governance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.