GBR Stock Summary and Trading Ideas (New Concept Energy | AMEX:GBR)

New Concept Energy Inc is a United States-based company engaged in Real Estate Operations. It intends to continue to operate and or sell its West Virginia property. It provides advisory and management services for an independent West Virginia oil and gas company. The Company seeks to establish or acquire new business operations. It operates in one segment, which is real estate rental.

New Concept Energy trades on the AMEX stock market under the symbol GBR.

As of April 19, 2024, GBR stock price climbed to $1.13 with 41,515 million shares trading.

GBR has a beta of 0.60, meaning it tends to be less sensitive to market movements. GBR has a correlation of 0.04 to the broad based SPY ETF.

GBR has a market cap of $5.80 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, GBR stock traded as high as $9.41 and as low as $.91.

The top ETF exchange traded funds that GBR belongs to (by Net Assets): VXF.

GBR has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +22.3%. However, in the short term, GBR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.5% vs +5.3% return in SPY. But in the last 2 weeks, GBR shares have been beat by the market, returning -6.6% compared to an SPY return of -2.6%.

GBR support price is $1.03 and resistance is $1.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GBR stock will trade within this expected range on the day.