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

Investment analysts at StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued on Saturday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Down 1.8 %

GBR stock opened at $1.16 on Friday. New Concept Energy has a 52 week low of $0.96 and a 52 week high of $1.82. The stock has a market capitalization of $5.95 million, a PE ratio of -38.67 and a beta of 0.33. The firm has a 50 day moving average of $1.17 and a 200 day moving average of $1.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC lifted its holdings in New Concept Energy, Inc. (NYSE:GBR) by 69.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 2.97% of New Concept Energy worth $244,000 as of its most recent SEC filing.

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.