New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a report issued on Friday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of NYSE:GBR opened at $1.26 on Friday. New Concept Energy has a 1 year low of $0.91 and a 1 year high of $1.67. The stock’s fifty day moving average price is $1.17 and its 200-day moving average price is $1.09.

New Concept Energy (NYSE:GBRGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $0.04 million for the quarter. New Concept Energy had a negative return on equity of 0.79% and a negative net margin of 25.17%.

Institutional Inflows and Outflows

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

About New Concept Energy

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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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