StockNews.com Initiates Coverage on New Concept Energy (NYSE:GBR)

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Wednesday. The firm issued a sell rating on the stock.

New Concept Energy Trading Up 3.2 %

GBR stock opened at $1.27 on Wednesday. New Concept Energy has a 1-year low of $0.91 and a 1-year high of $1.67. The business’s 50-day moving average price is $1.12 and its two-hundred day moving average price is $1.08.

New Concept Energy (NYSE:GBR) last released its quarterly earnings results on Monday, April 1st. The company reported ($0.04) EPS for the quarter. New Concept Energy had a negative return on equity of 0.46% and a negative net margin of 13.82%. The business had revenue of $0.04 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC acquired a new position in shares of New Concept Energy, Inc. (NYSE:GBR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

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.