New Concept Energy, Inc. (NYSEMKT:GBR) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Shares of New Concept Energy (GBR) traded up 2.76% during midday trading on Friday, reaching $1.49. The company’s stock had a trading volume of 89,424 shares. The stock has a 50-day moving average price of $1.59 and a 200 day moving average price of $1.74. New Concept Energy has a 52 week low of $1.00 and a 52 week high of $6.10. The stock has a market capitalization of $2.90 million, a PE ratio of 15.68 and a beta of 1.39.

New Concept Energy (NYSEMKT:GBR) last released its quarterly earnings data on Monday, May 15th. The energy company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.20 million during the quarter.

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About New Concept Energy

New Concept Energy, Inc is an oil and gas company. The Company, through its subsidiaries Mountaineer State Energy, Inc and Mountaineer State Operations, LLC, owns and operates oil and gas wells, and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia.

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