Investment analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a research note issued on Sunday. The brokerage set a “sell” rating on the stock.
New Concept Energy Trading Down 4.0 %
NYSE GBR opened at $1.44 on Friday. New Concept Energy has a 12-month low of $0.95 and a 12-month high of $1.82. The firm’s 50 day moving average is $1.54 and its 200-day moving average is $1.26.
New Concept Energy (NYSE:GBR – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter. New Concept Energy had a negative net margin of 25.17% and a negative return on equity of 0.79%. The company had revenue of $0.04 million for the quarter.
Institutional Investors Weigh In On 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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