2 weeks Ago By ABMN Staff
StockNews.com initiated coverage on shares of New Concept Energy ( NYSE:GBR – Free Report ) in a research note published on Monday morning. The brokerage issued a sell rating on the stock.
New Concept Energy Stock Performance Shares of NYSE GBR opened at $1.15 on Monday. New Concept Energy has a 1 year low of $0.
95 and a 1 year high of $1.82. The firm’s 50 day moving average price is $1.
30 and its 200 day moving average price is $1.34. The firm has a market cap of $5.
90 million, a P/E ratio of -38.33 and a beta of 0.30.
New Concept Energy ( NYSE:GBR – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.01 earnings per share for the quarter.
The company had revenue of $0.04 million for the quarter. New Concept Energy had a negative net margin of 18.
62% and a negative return on equity of 0.59%. Insider Transactions at New Concept Energy Institutional Inflows and Outflows A hedge fund recently raised its stake in New Concept Energy stock.
PFG Investments LLC lifted its stake in New Concept Energy, Inc. ( NYSE:GBR – Free Report ) by 69.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the period. PFG Investments LLC owned 2.97% of New Concept Energy worth $244,000 as of its most recent filing with the Securities and Exchange Commission.
New Concept Energy Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for New Concept Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Concept Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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