StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR – Free Report) in a research note published on Monday. The brokerage issued a sell rating on the stock.
New Concept Energy Stock Down 2.5 %
NYSE:GBR opened at $1.19 on Monday. The company has a 50 day simple moving average of $1.20 and a two-hundred day simple moving average of $1.35. New Concept Energy has a 12 month low of $0.95 and a 12 month high of $1.82.
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 – Free Report) by 69.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 152,600 shares of the company’s stock after purchasing an additional 62,400 shares during the period. PFG Investments LLC owned about 2.97% of New Concept Energy worth $244,000 at the end of the most recent reporting period.
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.
See Also
- Five stocks we like better than New Concept Energy
- What is Short Interest? How to Use It
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
- Where Do I Find 52-Week Highs and Lows?
- Trump Tariffs in Focus: 2 Chinese Stocks to Own and 2 to Avoid
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 2 Generic Drug Stocks Ready to Surge in 2025
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.
