New Concept Energy (GBR) Issues Earnings Results
New Concept Energy (NYSEAMERICAN:GBR) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $0.17 million for the quarter.
Shares of GBR opened at $2.23 on Friday. New Concept Energy has a 1-year low of $1.23 and a 1-year high of $12.75.
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New Concept Energy, Inc, through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. Its oil and gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia. As of December 31, 2017, the Company had 153 producing gas wells; 31 non-producing wells and related equipment; and mineral leases covering approximately 20,000 acres.
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