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1 insider bought €1.8M of shares over the last 90 days, the latest by REALTY ADVISORS INC, filed 01 Oct 2026.
New Concept Energy, Inc.: what insiders have been doing
New Concept Energy, Inc. is a Energy company. Its directors and officers file their transactions with SEC (Form 4). Between 22 October 2025 and 22 October 2026, 1 insider published 1 filing.
Every open-market trade in the period is a purchase: 1 purchase worth €1.8M, from 1 insider, and not a single sale. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Those buying include 1 major shareholder. One trade stands out by size: a purchase of €1.8M from Realty Advisors Inc, disclosed on 1 October 2026.
Compared with its exchange (2,023 companies, median 41 filings), a count of 1 filing is below the norm. Over the whole record (from 2016), the tally stands at 1 purchase and 90 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 155,000 USD and net income at -46,000 USD.
The last insider purchase was made public on 1 October 2026, 23 days ago.
For comparison within the same sector, see the insider buying recorded at AXIA Energia S.A. and RGC Resources Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
91
Thresholds
n/a
Buy Volume
€2M
1 ops. · all time
Sell Volume
€21M
90 ops. · all time
Who traded when
BuySaleRealty Advisors Inc1 buy2 sales
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 22,784 of 26,280 companies
25.1
score / 100
Value35
Quality16
FCF yld0.4%
Earn yld-1.0%
EV/EBITDA·
ROE-2.0%
Gross mgn·
Net mgn-30%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$0.68
Analyst consensus
Income statement
RevenueUS$155k
EBITDA-US$251k-162% margin
Net income-US$46k-56.1% margin
Valuation
P/Book0.8x
Beta1.09
Balance sheet & cash
Market capUS$4.8M
Free Cash FlowUS$20k
Profitability & ownership
ROE-2.0%
ROA-4.0%
% insiders46.8%
% institutions4.5%
Last declaration on 1 October 2026
Declarations91 total
2,000,000 shares@ US$1.0053.42% mcap56.6% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-26-000012:0
Canonical exit: 28 Dec 2026 (T+90)
246,254 shares@ US$1.1518.0% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-25-000009:0
250,000 shares@ US$1.1620.8% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-24-000003:0
248,681 shares@ US$1.1719.9% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-24-000002:0
250,000 shares@ US$1.3022.0% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-24-000001:0
51,319 shares@ US$6.026519.4% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000039:0
34,066 shares@ US$4.981.3% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000037:0
48,295 shares@ US$5.341.9% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000036:0
50,000 shares@ US$5.592.1% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000035:0
22,791 shares@ US$5.761.0% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000034:0
50,000 shares@ US$5.882.2% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000033:0
67,500 shares@ US$6.033.0% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000031:0
50,000 shares@ US$6.732.5% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000032:0
50,000 shares@ US$5.392.0% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000029:0
50,000 shares@ US$5.722.1% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000029:1
25,000 shares@ US$6.161.1% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000029:2
50,000 shares@ US$5.772.1% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000030:0
50,000 shares@ US$5.031.9% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000028:0
50,000 shares@ US$7.262.7% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000028:1
50,000 shares@ US$6.202.3% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000028:2
13,067 shares@ US$4.560.4% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000027:0
37,113 shares@ US$4.671.3% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000026:0
50,000 shares@ US$4.941.8% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000024:0
25,000 shares@ US$5.070.9% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000025:0
7,762 shares@ US$4.810.3% of flowCommon Stock, par value $0.01 per shareSEC:0001273348-21-000025:1
25 of 91 declarations
About New Concept Energy, Inc.
New Concept Energy, Inc. (ticker: GBR) is a US-listed company quoted on NYSE American, not on the main NYSE or NASDAQ boards. For francophone investors, it is best viewed as a small-cap energy name with an unusually hybrid history: the company has roots in real estate and development-related activities, but its current positioning is centered on oil and natural gas. Its headquarters are in Dallas, Texas, United States. The company says it was founded in 1978 and that it has focused on energy resource development since 2003. SEC filings also describe it as the successor by merger to Wespac Investors Trust, which began operating in 1982, and the company changed its name to New Concept Energy, Inc. in 2008. ([newconceptenergy.com](https://www.newconceptenergy.com/?utm_source=openai))
Operationally, New Concept Energy presents itself as a fully integrated producer of oil and gas, with current properties concentrated in the Appalachian Basin and the Utica Basin. Its core functions are coordinated from Dallas across business development, finance, engineering and planning, land management, human resources, and technical support. The company also continues to seek acquisition opportunities and controlling interests in projects that fit its investment criteria, including onshore and offshore assets with existing production or shut-in wells. That strategy indicates a deal-oriented operating model rather than a pure organic exploration-and-development platform. ([newconceptenergy.com](https://www.newconceptenergy.com/?utm_source=openai))
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From a competitive standpoint, GBR remains a niche, smaller-scale player in North American energy. Its recent SEC filings classify the business under SIC 1311, crude petroleum and natural gas, and some filings explicitly identify the company as a shell company, which is a meaningful signal for investors. In practical terms, that suggests limited operating scale, a relatively flexible corporate structure, and potentially a greater emphasis on capital allocation, transactions, and asset-level opportunities than on broad upstream diversification. The company’s market exposure is therefore highly sensitive to commodity prices, capital availability, and the performance of a concentrated asset base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/105744/000121465926004135/0001214659-26-004135-index.htm?utm_source=openai))
Recent developments point to an active corporate and financing agenda. In 2025 and 2026, New Concept Energy filed its annual report and quarterly reports, disclosed a consulting management agreement tied to oil and gas operations, and announced on April 13, 2026 a Subscription Agreement and Letter of Investment Intent under which Realty Advisors, Inc. agreed to acquire 2,000,000 common shares at a price of at least $1.00 per share in cash. For investors, that combination suggests a company focused on preserving optionality, securing capital, and pursuing strategic transactions rather than one with a large, self-funded growth profile. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000105744/000121465926004135/nc32026010k.htm?utm_source=openai))
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