Stock analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.
New Concept Energy Stock Performance
Shares of GBR opened at $1.18 on Wednesday. New Concept Energy has a 12 month low of $0.91 and a 12 month high of $1.67. The stock has a fifty day moving average price of $1.11 and a 200 day moving average price of $1.08.
New Concept Energy (NYSE:GBR – Get Free Report) last released its quarterly earnings data on Monday, April 1st. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter. New Concept Energy had a negative return on equity of 0.46% and a negative net margin of 13.82%.
Institutional Inflows and Outflows
New Concept Energy Company Profile
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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