StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the stock.
New Concept Energy Stock Down 4.4 %
Shares of GBR stock opened at $1.26 on Tuesday. New Concept Energy has a 52 week low of $0.91 and a 52 week high of $1.67. The firm has a 50 day moving average of $1.10 and a 200-day moving average of $1.08.
New Concept Energy (NYSE:GBR – Get Free Report) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.04 million for the quarter. New Concept Energy had a negative return on equity of 0.46% and a negative net margin of 13.82%.
Institutional Trading of New Concept Energy
About New Concept Energy
New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.
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