New Concept Energy Inc (NYSEAMERICAN: GBR) stock closed at $9.40 on 6/21/21 after a major increase of 73.4%. Moreover, exceptionally high trading volume at 1807% of normal accompanied the advance. The stock has risen 91.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GBR’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.
New Concept Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. New Concept Energy has a very low Appreciation Score of 4 but a very high Power Rating of 94, resulting in the Neutral Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.