New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Thursday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Performance

New Concept Energy stock opened at $1.14 on Thursday. New Concept Energy has a 1 year low of $0.95 and a 1 year high of $1.82. The firm has a 50 day moving average price of $1.18 and a 200 day moving average price of $1.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC grew its holdings in shares of New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the 2nd 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 buying an additional 62,400 shares during the quarter. PFG Investments LLC owned 2.97% of New Concept Energy worth $244,000 at the end of the most recent quarter.

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.