StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR – Free Report) in a report released on Monday. The firm issued a sell rating on the stock.
New Concept Energy Trading Down 2.5 %
NYSE GBR opened at $1.19 on Monday. The business’s fifty day moving average is $1.20 and its 200 day moving average is $1.35. New Concept Energy has a fifty-two week low of $0.95 and a fifty-two week high of $1.82.
Institutional Investors Weigh In On New Concept Energy
A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC raised its holdings in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) by 69.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the quarter. PFG Investments LLC owned approximately 2.97% of New Concept Energy worth $244,000 as of its most recent SEC filing.
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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